Daiwa Securities Group Inc. lessened its holdings in On Holding AG (NYSE:ONON – Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,716 shares of the company’s stock after selling 1,540 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ON were worth $313,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the business. Jennison Associates LLC boosted its stake in shares of ON by 27.4% in the 4th quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock valued at $112,259,000 after purchasing an additional 440,685 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of ON by 34.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock valued at $76,213,000 after purchasing an additional 349,789 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of ON by 189.9% in the 3rd quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock valued at $36,083,000 after purchasing an additional 471,323 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of ON by 338.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock valued at $29,834,000 after acquiring an additional 459,157 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of ON in the 4th quarter valued at approximately $28,575,000. Institutional investors own 36.39% of the company’s stock.
ON Trading Up 0.1 %
NYSE:ONON opened at $46.41 on Monday. On Holding AG has a 1-year low of $29.84 and a 1-year high of $64.05. The firm has a fifty day simple moving average of $53.94 and a 200 day simple moving average of $52.66. The stock has a market capitalization of $29.22 billion, a PE ratio of 107.93, a P/E/G ratio of 1.02 and a beta of 2.35.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on ONON
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.
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