On Holding AG (NYSE:ONON) Shares Purchased by Symmetry Investments LP

Symmetry Investments LP raised its stake in On Holding AG (NYSE:ONON) by 175.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 107,867 shares of the company’s stock after purchasing an additional 68,755 shares during the period. Symmetry Investments LP’s holdings in ON were worth $4,185,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC raised its holdings in shares of ON by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after purchasing an additional 300 shares during the period. Artemis Investment Management LLP lifted its holdings in ON by 1.9% in the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company’s stock worth $637,000 after acquiring an additional 302 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of ON by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock valued at $404,000 after purchasing an additional 325 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of ON by 25.8% in the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock worth $62,000 after purchasing an additional 327 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in ON by 0.7% during the 2nd quarter. King Luther Capital Management Corp now owns 56,021 shares of the company’s stock valued at $2,174,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Stock Up 0.4 %

Shares of ON stock opened at $49.95 on Friday. On Holding AG has a 12-month low of $23.41 and a 12-month high of $52.16. The firm has a market capitalization of $31.45 billion, a PE ratio of 113.53, a price-to-earnings-growth ratio of 1.39 and a beta of 2.24. The stock’s fifty day moving average is $43.07 and its 200-day moving average is $38.54.

ON (NYSE:ONON) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The firm had revenue of $627.66 million for the quarter, compared to analysts’ expectations of $634.43 million. ON had a return on equity of 13.02% and a net margin of 7.42%. Analysts expect that On Holding AG will post 0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ONON shares. Piper Sandler restated an “overweight” rating and set a $52.00 price target on shares of ON in a research report on Friday, August 23rd. Barclays lifted their price target on ON from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. KeyCorp raised their target price on ON from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $47.00 price target on shares of ON in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price target on ON from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.89.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.