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Hantz Financial Services Inc. Invests $1.13 Million in On Holding AG (NYSE:ONON)

ON logo with Retail/Wholesale background

Hantz Financial Services Inc. acquired a new stake in On Holding AG (NYSE:ONON - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,500 shares of the company's stock, valued at approximately $1,128,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in ON by 100.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company's stock worth $49,716,000 after purchasing an additional 642,894 shares during the last quarter. Forte Capital LLC ADV bought a new position in ON in the 3rd quarter worth $742,000. Coronation Fund Managers Ltd. boosted its position in shares of ON by 248.6% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 154,903 shares of the company's stock valued at $6,010,000 after acquiring an additional 110,467 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of ON in the first quarter worth about $486,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in ON during the third quarter valued at approximately $658,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

ON Trading Up 0.3 %

NYSE:ONON traded up $0.20 during mid-day trading on Monday, hitting $58.53. The company's stock had a trading volume of 3,219,815 shares, compared to its average volume of 4,897,882. The company has a market capitalization of $36.85 billion, a price-to-earnings ratio of 135.65 and a beta of 2.25. The stock has a fifty day moving average of $51.16 and a 200-day moving average of $44.97. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $59.19.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of recent research reports. Truist Financial raised their price target on shares of ON from $58.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Hsbc Global Res raised shares of ON to a "hold" rating in a report on Thursday, September 5th. Morgan Stanley boosted their price target on shares of ON from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Wednesday, August 14th. KeyCorp upped their price target on ON from $47.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, September 26th. Finally, TD Cowen boosted their price objective on ON from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.05.

Get Our Latest Stock Analysis on ON

ON Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ON (NYSE:ONON)

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