WINTON GROUP Ltd Buys New Position in On Holding AG $ONON

WINTON GROUP Ltd bought a new stake in shares of On Holding AG (NYSE:ONON) in the 3rd quarter, HoldingsChannel reports. The firm bought 108,681 shares of the company’s stock, valued at approximately $4,603,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of ON during the 2nd quarter worth $138,641,000. Great Point Wealth Advisors LLC bought a new stake in ON during the third quarter worth about $1,607,000. Geode Capital Management LLC purchased a new position in shares of ON in the 2nd quarter worth about $70,152,000. Lecap Asset Management Ltd. bought a new position in shares of ON during the 3rd quarter valued at about $1,473,000. Finally, Winslow Capital Management LLC purchased a new position in shares of ON during the 2nd quarter valued at about $248,113,000. Institutional investors own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ONON. Bank of America lifted their price target on shares of ON from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. UBS Group restated a “buy” rating on shares of ON in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their target price on ON from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price target on shares of ON in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of ON in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.41.

ON Stock Down 0.4%

Shares of ON stock opened at $41.29 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. On Holding AG has a 12-month low of $34.38 and a 12-month high of $61.29. The company has a market cap of $25.93 billion, a P/E ratio of 57.35, a PEG ratio of 0.79 and a beta of 2.14. The company’s fifty day simple moving average is $45.95 and its two-hundred day simple moving average is $44.35.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.