On Holding AG (NYSE:ONON) Shares Acquired by RB Capital Management LLC

RB Capital Management LLC raised its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 214.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,426 shares of the company's stock after purchasing an additional 15,303 shares during the period. RB Capital Management LLC's holdings in ON were worth $1,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA purchased a new position in shares of ON in the 3rd quarter worth $26,000. Blue Trust Inc. lifted its holdings in shares of ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company's stock valued at $27,000 after acquiring an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock worth $28,000 after acquiring an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in ON during the third quarter worth approximately $29,000. Finally, Quarry LP purchased a new stake in ON during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 33.11% of the company's stock.

ON Price Performance

NYSE:ONON traded up $0.16 during trading hours on Tuesday, hitting $55.18. 2,662,043 shares of the company were exchanged, compared to its average volume of 4,859,749. The company's 50 day moving average price is $52.06 and its 200-day moving average price is $45.83. The stock has a market capitalization of $34.74 billion, a price-to-earnings ratio of 127.95 and a beta of 2.30. On Holding AG has a 52-week low of $25.78 and a 52-week high of $60.12.

Analysts Set New Price Targets

ONON has been the topic of several analyst reports. Williams Trading raised ON from a "hold" rating to a "buy" rating and boosted their target price for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. KeyCorp increased their target price on shares of ON from $47.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, September 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $53.00 price target on shares of ON in a research note on Tuesday, November 12th. Piper Sandler increased their price objective on shares of ON from $52.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Finally, Truist Financial boosted their target price on ON from $58.00 to $61.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.05.

ON Profile

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.