Integrated Wealth Concepts LLC Acquires Shares of 9,042 On Holding AG (NYSE:ONON)

Integrated Wealth Concepts LLC bought a new stake in shares of On Holding AG (NYSE:ONON - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,042 shares of the company's stock, valued at approximately $453,000.

A number of other large investors also recently made changes to their positions in the business. 1832 Asset Management L.P. raised its holdings in shares of ON by 66,838.9% during the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company's stock worth $93,500,000 after acquiring an additional 2,406,200 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of ON by 574.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company's stock worth $59,878,000 after purchasing an additional 1,315,006 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of ON during the 2nd quarter valued at about $43,456,000. Renaissance Technologies LLC bought a new stake in shares of ON in the 2nd quarter valued at approximately $27,975,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in ON by 100.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company's stock worth $49,716,000 after buying an additional 642,894 shares during the last quarter. Institutional investors and hedge funds own 33.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ONON shares. UBS Group lifted their target price on shares of ON from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $53.00 price objective on shares of ON in a research note on Tuesday, November 12th. Morgan Stanley increased their target price on shares of ON from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 14th. Barclays raised their target price on ON from $47.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Finally, Bank of America upgraded ON from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $21.00 to $55.00 in a research note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $56.38.

ON Trading Down 1.0 %

ONON stock traded down $0.60 during midday trading on Thursday, hitting $57.60. The stock had a trading volume of 1,559,036 shares, compared to its average volume of 4,838,778. The firm has a market capitalization of $36.27 billion, a price-to-earnings ratio of 133.95 and a beta of 2.30. The stock has a 50-day simple moving average of $52.51 and a 200 day simple moving average of $46.10. On Holding AG has a 52 week low of $25.78 and a 52 week high of $60.12.

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.