Asio Capital LLC Sells 721 Shares of On Holding AG (NYSE:ONON)

Asio Capital LLC decreased its position in On Holding AG (NYSE:ONON) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,390 shares of the company’s stock after selling 721 shares during the quarter. Asio Capital LLC’s holdings in ON were worth $2,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ONON. Cerity Partners LLC increased its position in ON by 189.9% in the 3rd quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock worth $36,083,000 after buying an additional 471,323 shares during the period. Lord Abbett & CO. LLC increased its position in ON by 338.3% during 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 period. Zurich Insurance Group Ltd FI acquired a new position in ON during the 3rd quarter valued at $10,263,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ON in the 3rd quarter valued at $8,425,000. Finally, National Bank of Canada FI grew its position in ON by 5,339.1% in the 3rd quarter. National Bank of Canada FI now owns 140,601 shares of the company’s stock worth $7,051,000 after purchasing an additional 138,016 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONON has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a $63.00 price objective on shares of ON in a research report on Friday, December 27th. Barclays raised their price objective on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and upped their target price for the company from $40.00 to $60.00 in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $64.00 price objective on shares of ON in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON Trading Down 0.4 %

ON stock opened at $60.21 on Friday. The company has a market cap of $37.91 billion, a PE ratio of 140.02, a PEG ratio of 1.19 and a beta of 2.30. On Holding AG has a 1 year low of $26.10 and a 1 year high of $60.99. The company’s 50-day moving average is $56.68 and its two-hundred day moving average is $49.60.

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.