Voloridge Investment Management LLC Grows Holdings in On Holding AG (NYSE:ONON)

Voloridge Investment Management LLC grew its holdings in shares of On Holding AG (NYSE:ONON) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,026,890 shares of the company’s stock after buying an additional 196,270 shares during the quarter. Voloridge Investment Management LLC owned 0.32% of ON worth $111,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ONON. Park Avenue Securities LLC boosted its stake in shares of ON by 19.1% during the 4th quarter. Park Avenue Securities LLC now owns 16,006 shares of the company’s stock valued at $877,000 after buying an additional 2,565 shares during the last quarter. Merit Financial Group LLC acquired a new position in ON in the fourth quarter worth $653,000. Capricorn Fund Managers Ltd bought a new stake in ON during the fourth quarter valued at $3,536,000. Bennett Selby Investments LP raised its holdings in shares of ON by 7.8% during the fourth quarter. Bennett Selby Investments LP now owns 21,849 shares of the company’s stock worth $1,197,000 after purchasing an additional 1,578 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of ON by 148.8% in the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company’s stock worth $66,000 after buying an additional 787 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of ON from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. KeyCorp raised their price target on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Barclays set a $68.00 price target on shares of ON in a research report on Wednesday, May 14th. Finally, Evercore ISI raised their price target on shares of ON from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ON currently has an average rating of “Buy” and an average price target of $62.45.

ON Trading Up 0.0%

ONON stock opened at $59.92 on Tuesday. On Holding AG has a 52 week low of $34.59 and a 52 week high of $64.05. The company has a market capitalization of $37.73 billion, a price-to-earnings ratio of 139.35, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The firm’s 50-day moving average is $46.43 and its two-hundred day moving average is $51.84.

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