Norman Fields Gottscho Capital Management LLC Trims Holdings in On Holding AG $ONON

Norman Fields Gottscho Capital Management LLC decreased its position in shares of On Holding AG (NYSE:ONON) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,890 shares of the company’s stock after selling 14,305 shares during the quarter. ON accounts for approximately 2.3% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in ON were worth $7,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ONON. Winslow Capital Management LLC acquired a new position in ON in the 2nd quarter worth approximately $248,113,000. Sands Capital Management LLC acquired a new stake in ON during the 2nd quarter valued at approximately $240,177,000. Norges Bank purchased a new stake in shares of ON in the 2nd quarter valued at $138,641,000. Ameriprise Financial Inc. boosted its holdings in shares of ON by 4,564.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,291,611 shares of the company’s stock valued at $119,752,000 after acquiring an additional 2,242,480 shares during the last quarter. Finally, State Street Corp increased its stake in shares of ON by 765.4% in the second quarter. State Street Corp now owns 2,219,015 shares of the company’s stock worth $115,500,000 after acquiring an additional 1,962,586 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Down 3.1%

ONON stock opened at $37.66 on Friday. On Holding AG has a one year low of $34.38 and a one year high of $61.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.71. The firm’s fifty day moving average is $44.29 and its 200 day moving average is $43.97. The firm has a market cap of $24.03 billion, a PE ratio of 52.30, a P/E/G ratio of 0.77 and a beta of 2.14.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $52.00 target price on shares of ON in a research report on Thursday, February 26th. UBS Group reiterated a “buy” rating on shares of ON in a research note on Thursday, February 19th. Zacks Research cut ON from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. BTIG Research restated a “buy” rating and issued a $70.00 target price on shares of ON in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, ON currently has an average rating of “Moderate Buy” and an average price target of $59.48.

About ON

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.