Hodges Capital Management Inc. lessened its holdings in On Holding AG (NYSE:ONON – Free Report) by 15.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 715,479 shares of the company’s stock after selling 130,837 shares during the period. ON accounts for approximately 1.9% of Hodges Capital Management Inc.’s holdings, making the stock its 10th largest holding. Hodges Capital Management Inc.’s holdings in ON were worth $27,761,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. VisionPoint Advisory Group LLC acquired a new position in ON in the fourth quarter valued at about $32,000. Spire Wealth Management boosted its position in shares of ON by 66.2% during the fourth quarter. Spire Wealth Management now owns 1,615 shares of the company’s stock worth $45,000 after buying an additional 643 shares during the period. WD Rutherford LLC purchased a new stake in shares of ON in the 1st quarter valued at $52,000. Principal Securities Inc. acquired a new position in ON during the 4th quarter worth about $88,000. Finally, Orion Capital Management LLC boosted its holdings in ON by 106.7% during the 1st quarter. Orion Capital Management LLC now owns 2,480 shares of the company’s stock valued at $88,000 after acquiring an additional 1,280 shares during the period. 33.11% of the stock is currently owned by hedge funds and other institutional investors.
ON Stock Down 4.0 %
ONON traded down $1.84 on Wednesday, reaching $44.23. The company had a trading volume of 1,693,962 shares, compared to its average volume of 5,265,817. On Holding AG has a 1 year low of $23.41 and a 1 year high of $48.08. The stock has a market capitalization of $27.85 billion, a PE ratio of 104.73, a P/E/G ratio of 1.30 and a beta of 2.22. The stock has a 50-day moving average price of $40.47 and a 200-day moving average price of $37.30.
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About ON
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.
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