Peregrine Capital Management LLC Has $9.69 Million Stock Holdings in On Holding AG (NYSE:ONON)

Peregrine Capital Management LLC decreased its position in shares of On Holding AG (NYSE:ONON) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,956 shares of the company’s stock after selling 18,662 shares during the quarter. Peregrine Capital Management LLC’s holdings in ON were worth $9,692,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew its holdings in shares of ON by 154.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 15,239 shares of the company’s stock valued at $835,000 after buying an additional 9,259 shares during the period. Pittenger & Anderson Inc. lifted its holdings in ON by 37.7% during the fourth quarter. Pittenger & Anderson Inc. now owns 14,500 shares of the company’s stock worth $794,000 after acquiring an additional 3,970 shares in the last quarter. Principal Financial Group Inc. grew its stake in ON by 28.1% in the fourth quarter. Principal Financial Group Inc. now owns 130,381 shares of the company’s stock valued at $7,141,000 after acquiring an additional 28,597 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of ON by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company’s stock worth $586,000 after acquiring an additional 373 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of ON by 1,446.0% during the fourth quarter. Allworth Financial LP now owns 1,546 shares of the company’s stock worth $91,000 after purchasing an additional 1,446 shares during the period. Institutional investors own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ONON shares. Williams Trading raised ON from a “hold” rating to a “buy” rating and increased their target price for the stock from $40.00 to $60.00 in a research note on Wednesday, November 13th. UBS Group reissued a “buy” rating and set a $63.00 price objective on shares of ON in a research report on Friday, December 27th. Barclays upped their target price on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price target on ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and an average target price of $59.73.

ON Stock Performance

NYSE ONON opened at $51.94 on Tuesday. The stock has a market cap of $32.70 billion, a PE ratio of 120.79, a P/E/G ratio of 1.20 and a beta of 2.30. The firm has a 50-day moving average of $56.83 and a 200-day moving average of $51.73. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05.

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, 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.