On Holding AG (NYSE:ONON) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its position in shares of On Holding AG (NYSE:ONON - Free Report) by 27.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,320 shares of the company's stock after purchasing an additional 9,895 shares during the period. Bank of Montreal Can's holdings in ON were worth $2,368,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter worth $26,000. Blue Trust Inc. boosted its holdings in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock worth $27,000 after buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock worth $28,000 after buying an additional 400 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in ON in the third quarter valued at about $29,000. Finally, Quarry LP acquired a new stake in shares of ON during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 33.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ONON shares. Barclays upped their price target on ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Stifel Nicolaus raised their price target on ON from $45.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. BTIG Research raised shares of ON from a "neutral" rating to a "buy" rating and set a $64.00 price objective on the stock in a research note on Wednesday, November 13th. UBS Group lifted their target price on shares of ON from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $53.00 price target on shares of ON in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.05.

ON Stock Performance

Shares of NYSE:ONON traded down $1.73 during midday trading on Friday, hitting $57.64. 3,511,839 shares of the company's stock traded hands, compared to its average volume of 4,862,226. On Holding AG has a twelve month low of $25.78 and a twelve month high of $60.12. The company has a market cap of $36.29 billion, a PE ratio of 138.02 and a beta of 2.30. The firm's fifty day moving average price is $51.83 and its two-hundred day moving average price is $45.46.

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.