HighTower Advisors LLC lifted its holdings in On Holding AG (NYSE:ONON - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,640 shares of the company's stock after acquiring an additional 8,463 shares during the period. HighTower Advisors LLC's holdings in ON were worth $4,198,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Private Trust Co. NA purchased a new position in ON in the 3rd quarter worth approximately $26,000. Legacy Bridge LLC purchased a new stake in ON during the 4th quarter worth $43,000. Arcadia Investment Management Corp MI acquired a new position in ON in the 4th quarter worth $53,000. VisionPoint Advisory Group LLC purchased a new position in ON in the 4th quarter valued at about $65,000. Finally, Blue Trust Inc. grew its stake in shares of ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock valued at $66,000 after acquiring an additional 787 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
Analyst Upgrades and Downgrades
ONON has been the subject of a number of research analyst reports. Citigroup started coverage on ON in a report on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price target for the company. Telsey Advisory Group reiterated an "outperform" rating and set a $67.00 target price on shares of ON in a research note on Tuesday, March 4th. KeyCorp restated an "overweight" rating and issued a $68.00 price target on shares of ON in a research report on Wednesday, March 5th. Bank of America assumed coverage on shares of ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 price objective for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $64.00 target price on shares of ON in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $61.90.
Read Our Latest Stock Report on ONON
ON Stock Performance
Shares of NYSE:ONON traded up $2.13 during trading on Monday, reaching $48.38. The company had a trading volume of 4,746,342 shares, compared to its average volume of 4,328,731. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05. The firm has a market capitalization of $30.47 billion, a PE ratio of 112.52, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The firm's fifty day moving average is $53.05 and its 200 day moving average is $52.66.
About ON
(
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.
Further Reading
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