Titleist Asset Management LLC Boosts Stake in On Holding AG (NYSE:ONON)

Titleist Asset Management LLC lifted its holdings in shares of On Holding AG (NYSE:ONON) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,675 shares of the company’s stock after purchasing an additional 519 shares during the quarter. Titleist Asset Management LLC’s holdings in ON were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Centiva Capital LP increased its holdings in ON by 16.5% in the 3rd quarter. Centiva Capital LP now owns 12,377 shares of the company’s stock valued at $621,000 after purchasing an additional 1,754 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ON in the third quarter valued at $453,000. Stifel Financial Corp raised its holdings in shares of ON by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 176,472 shares of the company’s stock valued at $8,850,000 after buying an additional 8,892 shares during the period. State Street Corp lifted its stake in ON by 1.8% during the 3rd quarter. State Street Corp now owns 228,847 shares of the company’s stock worth $11,477,000 after acquiring an additional 4,152 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new position in ON during the 3rd quarter valued at about $329,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

ON Stock Performance

NYSE ONON opened at $39.56 on Monday. On Holding AG has a one year low of $29.84 and a one year high of $64.05. The firm’s fifty day moving average is $50.36 and its two-hundred day moving average is $52.44. The firm has a market cap of $24.91 billion, a PE ratio of 92.00, a P/E/G ratio of 1.02 and a beta of 2.32.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Stifel Nicolaus boosted their price target on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Bank of America assumed coverage on shares of ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 target price on the stock. UBS Group boosted their price target on shares of ON from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Hsbc Global Res upgraded ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $67.00 target price on shares of ON in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.45.

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.