On Holding AG (NYSE:ONON) Holdings Raised by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of On Holding AG (NYSE:ONON) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,648 shares of the company’s stock after purchasing an additional 4,214 shares during the period. Calamos Advisors LLC’s holdings in ON were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ONON. Jennison Associates LLC raised its holdings in shares of ON by 27.4% during the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock worth $112,259,000 after purchasing an additional 440,685 shares during the period. Cerity Partners LLC grew its position in shares of ON by 189.9% during the 3rd quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock valued at $36,083,000 after buying an additional 471,323 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in ON by 338.3% during the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock worth $29,834,000 after acquiring an additional 459,157 shares during the period. Wasatch Advisors LP lifted its holdings in ON by 4.3% in the third quarter. Wasatch Advisors LP now owns 419,536 shares of the company’s stock worth $21,040,000 after acquiring an additional 17,362 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in ON by 23.4% in the third quarter. Raymond James & Associates now owns 256,725 shares of the company’s stock valued at $12,875,000 after acquiring an additional 48,600 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Price Performance

Shares of ONON opened at $58.28 on Wednesday. The company has a 50-day moving average of $57.40 and a two-hundred day moving average of $50.77. The stock has a market cap of $36.69 billion, a price-to-earnings ratio of 135.53, a PEG ratio of 1.21 and a beta of 2.30. On Holding AG has a one year low of $26.87 and a one year high of $64.05.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ONON. Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Truist Financial increased their target price on ON from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $64.00 price target on shares of ON in a report on Wednesday, January 15th. The Goldman Sachs Group increased their price objective on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $60.00 in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.73.

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.