Interval Partners LP Takes Position in On Holding AG $ONON

Interval Partners LP acquired a new position in On Holding AG (NYSE:ONON) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 796,729 shares of the company’s stock, valued at approximately $33,741,000.

Other hedge funds have also recently added to or reduced their stakes in the company. United Financial Planning Group LLC bought a new stake in ON during the 3rd quarter valued at approximately $42,000. GAMMA Investing LLC lifted its holdings in shares of ON by 5,888.9% during the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock worth $46,000 after buying an additional 1,060 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of ON during the third quarter worth approximately $66,000. CWM LLC boosted its position in shares of ON by 119.8% in the third quarter. CWM LLC now owns 2,789 shares of the company’s stock valued at $118,000 after acquiring an additional 1,520 shares during the period. Finally, MeadowBrook Investment Advisors LLC boosted its position in shares of ON by 660.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,040 shares of the company’s stock valued at $129,000 after acquiring an additional 2,640 shares during the period. Institutional investors own 36.39% of the company’s stock.

ON Trading Up 0.0%

Shares of ON stock opened at $37.97 on Friday. On Holding AG has a 52-week low of $34.38 and a 52-week high of $61.29. The firm has a market capitalization of $23.84 billion, a PE ratio of 52.74, a price-to-earnings-growth ratio of 0.74 and a beta of 2.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 2.13. The company’s fifty day moving average price is $45.33 and its two-hundred day moving average price is $44.18.

Analyst Ratings Changes

ONON has been the topic of a number of research reports. Zacks Research lowered shares of ON from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Piper Sandler restated an “overweight” rating on shares of ON in a research report on Friday, December 5th. Singular Research upgraded shares of ON to a “strong-buy” rating in a report on Monday, November 17th. UBS Group reaffirmed a “buy” rating on shares of ON in a research report on Thursday, February 19th. Finally, Truist Financial lowered their price target on ON from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.48.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.