State of Wyoming Raises Stock Position in On Holding AG (NYSE:ONON)

State of Wyoming lifted its stake in shares of On Holding AG (NYSE:ONON) by 239.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,899 shares of the company’s stock after buying an additional 4,866 shares during the quarter. State of Wyoming’s holdings in ON were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Advisors Inc. OK raised its position in ON by 3.2% in the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock valued at $350,000 after purchasing an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. raised its position in ON by 0.8% during the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock worth $1,639,000 after buying an additional 228 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after buying an additional 259 shares during the last quarter. CreativeOne Wealth LLC raised its position in ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock worth $743,000 after buying an additional 323 shares during the last quarter. Finally, Atria Investments Inc raised its position in ON by 6.6% during the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock worth $302,000 after buying an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Down 0.6%

Shares of ON stock opened at $59.62 on Wednesday. The stock has a market capitalization of $37.54 billion, a P/E ratio of 138.65, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The company has a 50-day simple moving average of $46.69 and a 200 day simple moving average of $51.89. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. HSBC raised shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, March 11th. Needham & Company LLC upped their price target on shares of ON from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Cowen reaffirmed a “buy” rating on shares of ON in a research note on Wednesday, May 14th. Jefferies Financial Group assumed coverage on shares of ON in a research note on Tuesday, April 1st. They set a “hold” rating and a $44.00 price target on the stock. Finally, Hsbc Global Res raised shares of ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ON presently has a consensus rating of “Buy” and an average price target of $62.45.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.