Capricorn Fund Managers Ltd Invests $3.54 Million in On Holding AG (NYSE:ONON)

Capricorn Fund Managers Ltd bought a new stake in On Holding AG (NYSE:ONON) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 64,067 shares of the company’s stock, valued at approximately $3,536,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Inc. OK lifted its holdings in shares of ON by 5.1% during the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after buying an additional 301 shares in the last quarter. Sage Capital Advisors llc increased its position in ON by 0.3% during the third quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock worth $5,008,000 after acquiring an additional 328 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. boosted its holdings in ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after purchasing an additional 403 shares during the period. Finally, Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Performance

ONON stock opened at $58.02 on Tuesday. On Holding AG has a 52-week low of $26.03 and a 52-week high of $60.12. The company has a market capitalization of $36.53 billion, a P/E ratio of 134.94, a PEG ratio of 1.19 and a beta of 2.30. The company has a fifty day moving average price of $56.11 and a 200-day moving average price of $49.06.

Analyst Upgrades and Downgrades

ONON has been the subject of several recent research reports. Citigroup started coverage on ON in a research note on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price target for the company. Barclays upped their target price on ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $64.00 price target on shares of ON in a research report on Wednesday, January 15th. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

ON Company 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.