Stifel Financial Corp Raises Holdings in On Holding AG (NYSE:ONON)

Stifel Financial Corp grew its position in On Holding AG (NYSE:ONON - Free Report) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,472 shares of the company's stock after acquiring an additional 8,892 shares during the period. Stifel Financial Corp's holdings in ON were worth $8,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in ON during the 3rd quarter worth about $453,000. Centiva Capital LP boosted its stake in ON by 16.5% in the third quarter. Centiva Capital LP now owns 12,377 shares of the company's stock valued at $621,000 after acquiring an additional 1,754 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of ON during the third quarter worth $336,000. Wasatch Advisors LP grew its position in shares of ON by 4.3% during the 3rd quarter. Wasatch Advisors LP now owns 419,536 shares of the company's stock worth $21,040,000 after buying an additional 17,362 shares during the period. Finally, PDT Partners LLC bought a new stake in ON in the third quarter valued at approximately $1,120,000. 36.39% of the stock is owned by institutional investors and hedge funds.

ON Stock Down 0.6 %

Shares of ON stock traded down $0.32 during trading on Friday, reaching $57.28. 1,959,858 shares of the stock were exchanged, compared to its average volume of 4,826,834. On Holding AG has a 1 year low of $25.78 and a 1 year high of $60.12. The firm has a market cap of $36.07 billion, a price-to-earnings ratio of 133.21 and a beta of 2.30. The stock's fifty day moving average is $52.63 and its 200 day moving average is $46.22.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ONON. Stifel Nicolaus raised their price target on ON from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays upped their target price on shares of ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Raymond James upgraded shares of ON from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $58.00 to $63.00 in a report on Thursday, November 21st. UBS Group upped their target price on ON from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, TD Cowen boosted their target price on shares of ON from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.38.

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.