Acadian Asset Management LLC Has $181.76 Million Stock Holdings in On Holding AG $ONON

Acadian Asset Management LLC lessened its holdings in On Holding AG (NYSE:ONON) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,139,508 shares of the company’s stock after selling 195,894 shares during the quarter. Acadian Asset Management LLC owned 0.66% of ON worth $181,758,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Bison Wealth LLC lifted its holdings in shares of ON by 35.7% during the 4th quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock worth $509,000 after acquiring an additional 2,442 shares during the period. Cetera Investment Advisers lifted its holdings in shares of ON by 24.1% during the 4th quarter. Cetera Investment Advisers now owns 47,186 shares of the company’s stock worth $2,584,000 after acquiring an additional 9,176 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of ON by 29.5% during the 4th quarter. Cresset Asset Management LLC now owns 8,702 shares of the company’s stock worth $477,000 after acquiring an additional 1,983 shares during the period. Focus Partners Wealth grew its stake in shares of ON by 20.0% in the 4th quarter. Focus Partners Wealth now owns 27,907 shares of the company’s stock valued at $1,528,000 after purchasing an additional 4,657 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of ON in the 4th quarter valued at approximately $822,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Trading Down 0.6%

Shares of ONON opened at $44.14 on Wednesday. The stock has a fifty day moving average price of $48.70 and a two-hundred day moving average price of $49.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 5.84 and a beta of 2.23.

Analyst Ratings Changes

ONON has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on ON from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $40.00 price target on ON and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Cowen reiterated a “buy” rating on shares of ON in a research report on Wednesday, May 14th. Barclays upped their price target on ON from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Finally, Evercore ISI upped their price target on ON from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.20.

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