Sciencast Management LP Acquires New Shares in On Holding AG (NYSE:ONON)

Sciencast Management LP acquired a new stake in On Holding AG (NYSE:ONON) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,461 shares of the company’s stock, valued at approximately $1,285,000.

Several other hedge funds have also recently bought and sold shares of the company. Capital Advisors Inc. OK increased its position in ON by 3.2% during the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock worth $350,000 after buying an additional 200 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in ON by 2.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after buying an additional 259 shares in the last quarter. Atria Investments Inc increased its position in ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock worth $302,000 after buying an additional 341 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in ON by 3.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company’s stock worth $586,000 after buying an additional 373 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in ON by 24.1% during the fourth quarter. Harbour Investments Inc. now owns 1,928 shares of the company’s stock worth $106,000 after buying an additional 375 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ONON. Barclays raised their price target on ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. KeyCorp restated an “overweight” rating and set a $68.00 price objective on shares of ON in a report on Wednesday, March 5th. Bank of America initiated coverage on ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective on the stock. Williams Trading raised their price objective on ON from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Citigroup initiated coverage on ON in a report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective on the stock. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ON has an average rating of “Buy” and a consensus price target of $61.90.

ON Trading Up 1.4 %

Shares of ON stock opened at $46.22 on Friday. The business’s fifty day moving average price is $53.05 and its 200 day moving average price is $52.61. The stock has a market capitalization of $29.10 billion, a P/E ratio of 107.49, a PEG ratio of 1.02 and a beta of 2.35. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

ON Company Profile

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.