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

Yorktown Management & Research Co Inc purchased a new position in On Holding AG (NYSE:ONON) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,600 shares of the company’s stock, valued at approximately $471,000.

Other large investors have also recently made changes to their positions in the company. RB Capital Management LLC increased its holdings in shares of ON by 214.8% in the 3rd quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock worth $1,125,000 after buying an additional 15,303 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of ON by 584.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock worth $4,195,000 after buying an additional 71,436 shares during the last quarter. Forte Capital LLC ADV bought a new stake in shares of ON in the 3rd quarter worth about $742,000. Harvest Fund Management Co. Ltd bought a new stake in shares of ON in the 3rd quarter worth about $658,000. Finally, Principal Financial Group Inc. grew its holdings in ON by 96.5% during the 3rd quarter. Principal Financial Group Inc. now owns 101,784 shares of the company’s stock valued at $5,104,000 after purchasing an additional 49,995 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.

ON Trading Down 0.4 %

Shares of ON 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 firm has a market capitalization of $36.69 billion, a price-to-earnings ratio of 135.53, a PEG ratio of 1.21 and a beta of 2.30. The firm’s 50 day simple moving average is $57.40 and its two-hundred day simple moving average is $50.77.

Wall Street Analysts Forecast Growth

ONON has been the topic of several analyst reports. Barclays upped their price target on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on shares of ON from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and upped their price target for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $64.00 target price on shares of ON in a research note on Wednesday, January 15th. Finally, KeyCorp upped their target price on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

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.