APEIRON CAPITAL Ltd cut its stake in On Holding AG (NYSE:ONON – Free Report) by 20.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 795,852 shares of the company’s stock after selling 203,273 shares during the quarter. ON comprises approximately 0.1% of APEIRON CAPITAL Ltd’s investment portfolio, making the stock its 4th biggest position. APEIRON CAPITAL Ltd’s holdings in ON were worth $41,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new position in ON in the 1st quarter valued at $26,000. TCTC Holdings LLC raised its holdings in ON by 118.4% in the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ON by 3,392.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock worth $42,000 after buying an additional 916 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of ON during the 1st quarter worth $44,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of ON during the 1st quarter worth $48,000. 36.39% of the stock is owned by institutional investors and hedge funds.
ON Trading Down 3.2%
Shares of ONON stock opened at $41.93 on Friday. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 93.18, a PEG ratio of 5.20 and a beta of 2.19. The stock has a 50-day moving average of $44.61 and a 200-day moving average of $48.70. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05.
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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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.
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