On Holding AG $ONON Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP lowered its stake in shares of On Holding AG (NYSE:ONON) by 43.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,706 shares of the company’s stock after selling 5,151 shares during the quarter. Semanteon Capital Management LP’s holdings in ON were worth $349,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its holdings in shares of ON by 2.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 51,900 shares of the company’s stock valued at $2,701,000 after purchasing an additional 1,200 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in ON by 1.0% in the second quarter. Rockefeller Capital Management L.P. now owns 56,618 shares of the company’s stock valued at $2,947,000 after buying an additional 564 shares during the period. Cetera Investment Advisers lifted its position in ON by 3.6% during the second quarter. Cetera Investment Advisers now owns 50,046 shares of the company’s stock valued at $2,605,000 after buying an additional 1,742 shares in the last quarter. Carl P. Sherr & Co. LLC grew its stake in ON by 9.8% during the second quarter. Carl P. Sherr & Co. LLC now owns 11,200 shares of the company’s stock worth $583,000 after buying an additional 1,000 shares during the period. Finally, Fiera Capital Corp acquired a new stake in shares of ON in the second quarter worth $36,862,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ONON shares. Evercore ISI reduced their target price on shares of ON from $68.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Citigroup downgraded ON from a “buy” rating to a “mixed” rating in a report on Tuesday, October 28th. TD Cowen upped their price target on ON from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research raised shares of ON from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Truist Financial decreased their target price on shares of ON from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.14.

ON Price Performance

Shares of NYSE:ONON opened at $42.51 on Monday. The company has a market cap of $26.77 billion, a PE ratio of 55.21, a P/E/G ratio of 4.11 and a beta of 2.18. On Holding AG has a fifty-two week low of $34.38 and a fifty-two week high of $64.05. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $41.63 and a 200 day simple moving average of $48.18.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.