Waterloo Capital L.P. Takes $239,000 Position in On Holding AG (NYSE:ONON)

Waterloo Capital L.P. bought a new position in shares of On Holding AG (NYSE:ONON) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,369 shares of the company’s stock, valued at approximately $239,000.

Other large investors have also bought and sold shares of the company. Apollon Wealth Management LLC boosted its position in shares of ON by 74.0% during the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock worth $877,000 after purchasing an additional 6,808 shares in the last quarter. RB Capital Management LLC raised its stake in ON by 214.8% during the 3rd quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock worth $1,125,000 after buying an additional 15,303 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in ON by 34.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after acquiring an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in ON in the fourth quarter valued at approximately $30,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of ON by 584.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock valued at $4,195,000 after acquiring an additional 71,436 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Up 3.5 %

ON stock opened at $40.98 on Tuesday. The company has a market capitalization of $25.80 billion, a P/E ratio of 95.30, a P/E/G ratio of 1.02 and a beta of 2.32. The firm has a 50 day moving average price of $49.98 and a 200-day moving average price of $52.37. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of ON from $64.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price objective on shares of ON in a report on Tuesday, April 1st. Jefferies Financial Group assumed coverage on shares of ON in a report on Tuesday, April 1st. They issued a “hold” rating and a $44.00 target price on the stock. Bank of America began coverage on ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.45.

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.