HMS Capital Management LLC Invests $315,000 in On Holding AG (NYSE:ONON)

HMS Capital Management LLC bought a new position in On Holding AG (NYSE:ONON) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,752 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds have also recently made changes to their positions in the stock. Private Trust Co. NA purchased a new stake in ON during the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its position in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of ON in the third quarter worth approximately $29,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of ON in the fourth quarter worth approximately $30,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, November 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $67.00 target price on shares of ON in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus increased their target price on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.73.

ON Stock Up 0.2 %

ONON stock opened at $54.09 on Thursday. The firm has a 50 day moving average of $57.15 and a 200 day moving average of $51.40. The stock has a market capitalization of $34.06 billion, a PE ratio of 125.79, a price-to-earnings-growth ratio of 1.20 and a beta of 2.30. On Holding AG has a 52 week low of $27.37 and a 52 week high of $64.05.

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, 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.