Tsfg LLC Purchases 1,968 Shares of On Holding AG (NYSE:ONON)

Tsfg LLC boosted its position in On Holding AG (NYSE:ONON) by 143.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,338 shares of the company’s stock after purchasing an additional 1,968 shares during the quarter. Tsfg LLC’s holdings in ON were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ONON. 1832 Asset Management L.P. increased its stake in shares of ON by 66,838.9% during the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock valued at $93,500,000 after purchasing an additional 2,406,200 shares in the last quarter. Renaissance Technologies LLC bought a new position in ON during the 2nd quarter valued at approximately $27,975,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in ON by 100.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock valued at $49,716,000 after buying an additional 642,894 shares during the last quarter. Cerity Partners LLC boosted its holdings in ON by 189.9% in the third quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock worth $36,083,000 after acquiring an additional 471,323 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of ON by 338.3% in the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock worth $29,834,000 after acquiring an additional 459,157 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Price Performance

NYSE:ONON opened at $55.29 on Tuesday. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 128.58 and a beta of 2.30. The business has a fifty day moving average price of $55.48 and a 200-day moving average price of $48.39. On Holding AG has a one year low of $26.03 and a one year high of $60.12.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ONON. Stifel Nicolaus upped their price target on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial upped their target price on shares of ON from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. UBS Group reissued a “buy” rating and set a $63.00 price target on shares of ON in a research report on Friday, December 27th. TD Cowen upped their price objective on ON from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Williams Trading raised ON from a “hold” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.