Calamos Advisors LLC Has $1.84 Million Stock Holdings in On Holding AG (NYSE:ONON)

Calamos Advisors LLC reduced its position in On Holding AG (NYSE:ONON) by 14.1% in the 4th quarter, HoldingsChannel reports. The firm owned 68,389 shares of the company’s stock after selling 11,192 shares during the period. Calamos Advisors LLC’s holdings in ON were worth $1,844,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONON. Asset Management One Co. Ltd. lifted its position in shares of ON by 20.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock valued at $60,000 after buying an additional 367 shares during the last quarter. Janney Capital Management LLC boosted its position in ON by 2.7% during the third quarter. Janney Capital Management LLC now owns 14,450 shares of the company’s stock worth $402,000 after purchasing an additional 384 shares during the period. Pittenger & Anderson Inc. increased its holdings in shares of ON by 34.8% in the third quarter. Pittenger & Anderson Inc. now owns 1,550 shares of the company’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of ON by 75.3% in the first quarter. Belpointe Asset Management LLC now owns 1,057 shares of the company’s stock valued at $33,000 after purchasing an additional 454 shares during the period. Finally, Spire Wealth Management raised its position in shares of ON by 91.0% in the third quarter. Spire Wealth Management now owns 972 shares of the company’s stock valued at $27,000 after purchasing an additional 463 shares during the period. Institutional investors own 33.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ONON shares. Truist Financial upped their price target on shares of ON from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Morgan Stanley reiterated an “overweight” rating and set a $32.00 target price on shares of ON in a research note on Thursday, April 11th. TheStreet downgraded ON from a “c” rating to a “d+” rating in a research note on Monday, March 18th. Evercore ISI dropped their target price on ON from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, March 13th. Finally, William Blair began coverage on shares of ON in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, ON has a consensus rating of “Moderate Buy” and a consensus price target of $37.13.

ON Stock Down 4.3 %

NYSE:ONON opened at $31.58 on Monday. The firm has a market capitalization of $19.88 billion, a PE ratio of 116.96, a price-to-earnings-growth ratio of 1.10 and a beta of 2.16. On Holding AG has a twelve month low of $23.41 and a twelve month high of $37.08. The stock’s 50-day simple moving average is $33.08 and its 200 day simple moving average is $29.39.

ON (NYSE:ONON) last posted its earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). ON had a net margin of 4.04% and a return on equity of 6.85%. The firm had revenue of $504.69 million during the quarter, compared to the consensus estimate of $515.30 million. On average, analysts anticipate that On Holding AG will post 0.65 EPS for the current fiscal year.

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.