On Holding AG (NYSE:ONON) Shares Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its holdings in On Holding AG (NYSE:ONON) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,749 shares of the company’s stock after purchasing an additional 33,384 shares during the period. Cookson Peirce & Co. Inc.’s holdings in ON were worth $14,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ONON. Private Trust Co. NA purchased a new stake in shares of ON in the third quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new stake in ON in the 3rd quarter valued at $29,000. Strategic Financial Concepts LLC purchased a new stake in ON in the 4th quarter worth $30,000. Legacy Bridge LLC acquired a new position in ON during the fourth quarter worth $43,000. Finally, Arcadia Investment Management Corp MI purchased a new position in ON during the fourth quarter valued at $53,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. KeyCorp boosted their target price on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, November 13th. Williams Trading raised their target price on ON from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group reiterated a “buy” rating and set a $63.00 price target on shares of ON in a research report on Friday, December 27th. Finally, Morgan Stanley increased their price objective on ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.82.

ON Stock Up 6.0 %

NYSE:ONON opened at $50.72 on Wednesday. On Holding AG has a 52 week low of $27.37 and a 52 week high of $64.05. The stock’s fifty day moving average is $55.40 and its two-hundred day moving average is $52.44. The company has a market capitalization of $31.94 billion, a P/E ratio of 117.96, a P/E/G ratio of 1.02 and a beta of 2.30.

About ON

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.