Natixis Advisors LLC acquired a new position in On Holding AG (NYSE:ONON - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 16,905 shares of the company's stock, valued at approximately $926,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its holdings in shares of ON by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 7,572 shares of the company's stock worth $380,000 after purchasing an additional 2,622 shares during the last quarter. Private Trust Co. NA acquired a new stake in ON in the 3rd quarter worth about $26,000. Bank of Montreal Can grew its holdings in ON by 27.2% in the 3rd quarter. Bank of Montreal Can now owns 46,320 shares of the company's stock valued at $2,368,000 after buying an additional 9,895 shares during the period. Townsquare Capital LLC acquired a new position in shares of ON during the 3rd quarter valued at about $609,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ON during the 3rd quarter worth about $8,425,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Bank of America started coverage on shares of ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 price target for the company. KeyCorp reissued an "overweight" rating and set a $68.00 price objective on shares of ON in a research note on Wednesday, March 5th. Barclays increased their target price on ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Citigroup assumed coverage on ON in a research report on Wednesday, December 18th. They set a "neutral" rating and a $65.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on ON from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, ON has an average rating of "Buy" and an average price target of $61.90.
Check Out Our Latest Report on ON
ON Trading Down 4.1 %
NYSE:ONON traded down $1.91 on Friday, reaching $44.10. The stock had a trading volume of 4,702,171 shares, compared to its average volume of 4,371,741. The company has a 50-day moving average of $52.13 and a 200 day moving average of $52.67. The stock has a market cap of $27.76 billion, a P/E ratio of 102.55, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05.
ON Company Profile
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Free Report)
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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