Fox Run Management L.L.C. Raises Position in On Holding AG (NYSE:ONON)

Fox Run Management L.L.C. grew its position in shares of On Holding AG (NYSE:ONON) by 155.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,813 shares of the company’s stock after buying an additional 11,451 shares during the quarter. Fox Run Management L.L.C.’s holdings in ON were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ONON. Private Trust Co. NA bought a new position in ON during the third quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of ON in the 4th quarter worth $30,000. Legacy Bridge LLC bought a new stake in shares of ON in the fourth quarter worth $43,000. Arcadia Investment Management Corp MI purchased a new stake in ON during the fourth quarter valued at $53,000. Finally, VisionPoint Advisory Group LLC bought a new position in ON in the fourth quarter valued at about $65,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON Stock Performance

Shares of NYSE ONON opened at $46.22 on Friday. The company has a market cap of $29.10 billion, a P/E ratio of 107.49, a P/E/G ratio of 1.02 and a beta of 2.35. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05. The firm’s fifty day moving average is $53.05 and its two-hundred day moving average is $52.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ONON shares. Hsbc Global Res upgraded ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. HSBC raised shares of ON from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, March 11th. 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. Barclays upped their price objective on ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $68.00 target price on shares of ON in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, ON has a consensus rating of “Buy” and a consensus price target of $61.90.

About ON

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.