Yorktown Management & Research Co Inc Invests $471,000 in On Holding AG (NYSE:ONON)

Yorktown Management & Research Co Inc acquired a new position in On Holding AG (NYSE:ONON) during the fourth quarter, Holdings Channel.com reports. The firm acquired 8,600 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ONON. Creative Planning increased its stake in shares of ON by 13.6% in the second quarter. Creative Planning now owns 17,619 shares of the company’s stock worth $684,000 after acquiring an additional 2,115 shares during the period. Truist Financial Corp acquired a new stake in shares of ON in the second quarter worth $463,000. Sanctuary Advisors LLC acquired a new stake in ON during the second quarter valued at $1,108,000. Park Avenue Securities LLC grew its position in ON by 19.5% during the third quarter. Park Avenue Securities LLC now owns 13,441 shares of the company’s stock valued at $674,000 after buying an additional 2,194 shares during the period. Finally, Blue Zone Wealth Advisors LLC acquired a new stake in ON during the third quarter valued at $223,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

ONON has been the topic of several analyst reports. Bank of America initiated coverage on shares of ON in a research report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target on the stock. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and raised their price target for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. UBS Group reaffirmed a “buy” rating and set a $63.00 price objective on shares of ON in a report on Friday, December 27th. Stifel Nicolaus increased their price objective on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.73.

ON Price Performance

Shares of ONON stock opened at $58.28 on Wednesday. On Holding AG has a 12 month low of $26.87 and a 12 month high of $64.05. The company has a market capitalization of $36.69 billion, a PE ratio of 135.53, a price-to-earnings-growth ratio of 1.21 and a beta of 2.30. The firm’s 50-day moving average is $57.40 and its two-hundred day moving average is $50.77.

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.