On Holding AG $ONON Shares Sold by APEIRON CAPITAL Ltd

APEIRON CAPITAL Ltd cut its stake in On Holding AG (NYSE:ONONFree 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ONON shares. Jefferies Financial Group set a $40.00 price target on ON and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 price target on shares of ON in a report on Thursday, August 7th. Morgan Stanley boosted their price target on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of ON in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $62.00 target price on shares of ON in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ON has an average rating of “Moderate Buy” and an average target price of $64.20.

View Our Latest Report on ONON

ON Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ON (NYSE:ONON)

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