F M Investments LLC Has $308,000 Stock Holdings in On Holding AG (NYSE:ONON)

F M Investments LLC reduced its position in shares of On Holding AG (NYSE:ONON) by 20.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,029 shares of the company’s stock after selling 1,574 shares during the period. F M Investments LLC’s holdings in ON were worth $308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new stake in shares of ON in the first quarter valued at $121,712,000. 1832 Asset Management L.P. increased its position in ON by 66,838.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock valued at $93,500,000 after acquiring an additional 2,406,200 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of ON in the first quarter worth about $65,898,000. Acadian Asset Management LLC grew its stake in shares of ON by 574.3% during the second quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company’s stock valued at $59,878,000 after purchasing an additional 1,315,006 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of ON in the second quarter valued at approximately $43,456,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ONON. Bank of America raised ON from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $55.00 in a report on Monday, September 23rd. Raymond James started coverage on ON in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $46.00 price objective for the company. Evercore ISI upgraded shares of ON to an “overweight” rating and upped their target price for the company from $43.00 to $47.00 in a research report on Monday, August 12th. Hsbc Global Res upgraded shares of ON to a “hold” rating in a research report on Thursday, September 5th. Finally, Truist Financial increased their price objective on shares of ON from $51.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, ON has an average rating of “Moderate Buy” and an average target price of $49.74.

ON Stock Performance

NYSE ONON opened at $46.50 on Monday. The stock has a market cap of $29.28 billion, a price-to-earnings ratio of 87.74 and a beta of 2.25. The business has a 50 day simple moving average of $48.66 and a 200 day simple moving average of $42.03. On Holding AG has a 52-week low of $24.15 and a 52-week high of $52.80.

ON (NYSE:ONON) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $627.66 million for the quarter, compared to the consensus estimate of $634.43 million. ON had a return on equity of 13.02% and a net margin of 7.42%. On average, analysts predict that On Holding AG will post 0.76 EPS for the current year.

ON Company Profile

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.