Artisan Partners Limited Partnership Decreases Stock Holdings in On Holding AG (NYSE:ONON)

Artisan Partners Limited Partnership lowered its holdings in On Holding AG (NYSE:ONON) by 42.4% during the 4th quarter, Holdings Channel reports. The firm owned 480,098 shares of the company’s stock after selling 352,714 shares during the period. Artisan Partners Limited Partnership’s holdings in ON were worth $26,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA purchased a new position in shares of ON in the 3rd quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new position in ON in the fourth quarter valued at about $30,000. Legacy Bridge LLC purchased a new position in ON in the fourth quarter valued at about $43,000. Arcadia Investment Management Corp MI bought a new position in shares of ON during the 4th quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ON during the 4th quarter worth approximately $65,000. Institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

ONON has been the subject of several research reports. KeyCorp reissued an “overweight” rating and set a $68.00 price objective on shares of ON in a report on Wednesday, March 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price target on shares of ON in a research note on Tuesday, March 4th. Bank of America assumed coverage on ON in a research note on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price objective on the stock. Williams Trading lifted their target price on shares of ON from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, ON presently has a consensus rating of “Buy” and an average price target of $61.90.

ON Stock Down 4.1 %

Shares of ONON stock opened at $44.10 on Friday. The firm has a market cap of $27.76 billion, a P/E ratio of 102.55, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The business has a 50-day moving average price of $52.13 and a two-hundred day moving average price of $52.62. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05.

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.