Norman Fields Gottscho Capital Management LLC Lowers Stock Holdings in On Holding AG (NYSE:ONON)

Norman Fields Gottscho Capital Management LLC cut its stake in shares of On Holding AG (NYSE:ONON) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,845 shares of the company’s stock after selling 5,860 shares during the period. ON accounts for 3.3% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 7th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in ON were worth $9,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. 1832 Asset Management L.P. grew its stake in shares of ON by 66,838.9% in the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock valued at $93,500,000 after acquiring an additional 2,406,200 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of ON by 574.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company’s stock worth $59,878,000 after purchasing an additional 1,315,006 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of ON by 100.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock worth $49,716,000 after purchasing an additional 642,894 shares during the period. Fred Alger Management LLC raised its position in shares of ON by 22.8% in the second quarter. Fred Alger Management LLC now owns 1,152,941 shares of the company’s stock valued at $44,734,000 after buying an additional 213,815 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of ON in the second quarter valued at approximately $27,975,000. Institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Needham & Company LLC initiated coverage on ON in a research note on Friday, November 22nd. They set a “buy” rating and a $64.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $53.00 price target on shares of ON in a research note on Tuesday, November 12th. Stifel Nicolaus increased their price objective 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. Barclays raised their target price on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird upped their price target on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.77.

ON Price Performance

Shares of NYSE ONON opened at $54.52 on Tuesday. On Holding AG has a 1 year low of $26.03 and a 1 year high of $60.12. The firm has a market cap of $34.33 billion, a PE ratio of 126.79 and a beta of 2.30. The company has a 50 day simple moving average of $54.70 and a 200 day simple moving average of $47.81.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.