Y Intercept Hong Kong Ltd Has $1.12 Million Stock Holdings in On Holding AG (NYSE:ONON)

Y Intercept Hong Kong Ltd decreased its stake in On Holding AG (NYSE:ONON) by 75.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,502 shares of the company’s stock after selling 63,149 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ON were worth $1,123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its stake in shares of ON by 74.0% in the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock valued at $877,000 after acquiring an additional 6,808 shares during the last quarter. RB Capital Management LLC raised its position in ON by 214.8% in the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock valued at $1,125,000 after purchasing an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock valued at $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of ON during the fourth quarter worth about $30,000. Finally, Forte Capital LLC ADV acquired a new position in shares of ON in the third quarter valued at approximately $742,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ONON shares. The Goldman Sachs Group downgraded shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Wednesday, February 12th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. KeyCorp increased their price objective on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.73.

ON Trading Up 2.9 %

Shares of NYSE ONON opened at $49.82 on Thursday. The firm has a market capitalization of $31.37 billion, a P/E ratio of 115.87, a P/E/G ratio of 1.02 and a beta of 2.30. The firm’s 50-day moving average price is $55.92 and its 200-day moving average price is $52.23. On Holding AG has a 1-year low of $27.37 and a 1-year 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.