American Century Companies Inc. Sells 352,523 Shares of On Holding AG (NYSE:ONON)

American Century Companies Inc. reduced its stake in shares of On Holding AG (NYSE:ONON) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,356,160 shares of the company’s stock after selling 352,523 shares during the quarter. American Century Companies Inc.’s holdings in ON were worth $238,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ONON. Private Trust Co. NA bought a new position in shares of ON during the third quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of ON during the fourth quarter valued at approximately $30,000. Legacy Bridge LLC bought a new position in shares of ON during the fourth quarter valued at approximately $43,000. Arcadia Investment Management Corp MI bought a new position in shares of ON during the fourth quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of ON during the fourth quarter valued at approximately $65,000. Institutional investors own 36.39% of the company’s stock.

ON Trading Up 1.4 %

Shares of ONON opened at $46.22 on Friday. On Holding AG has a 12 month low of $29.84 and a 12 month high of $64.05. The stock has a fifty day moving average price of $53.05 and a 200-day moving average price of $52.61. The firm has a market cap of $29.10 billion, a PE ratio of 107.49, a P/E/G ratio of 1.02 and a beta of 2.35.

Analyst Ratings Changes

ONON has been the topic of a number of analyst reports. Bank of America initiated coverage on ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of ON in a research note on Tuesday, March 4th. Stifel Nicolaus increased their price objective on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Barclays increased their price objective on ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Finally, Citigroup initiated coverage on ON in a research note on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price objective on the stock. Two equities research 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $61.90.

ON 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.