Verition Fund Management LLC grew its position in shares of On Holding AG (NYSE:ONON - Free Report) by 94.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,878 shares of the company's stock after purchasing an additional 60,976 shares during the quarter. Verition Fund Management LLC's holdings in ON were worth $6,313,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of ONON. Private Trust Co. NA bought a new position in ON during the third quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock worth $27,000 after buying an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock worth $28,000 after purchasing an additional 400 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of ON in the 3rd quarter valued at $29,000. Finally, Quarry LP purchased a new position in shares of ON in the 2nd quarter valued at $32,000. 33.11% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ONON has been the subject of several recent analyst reports. UBS Group lifted their price target on ON from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Hsbc Global Res raised ON to a "hold" rating in a research report on Thursday, September 5th. TD Cowen increased their target price on ON from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Bank of America upgraded shares of ON from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $21.00 to $55.00 in a research note on Monday, September 23rd. Finally, Robert W. Baird increased their target price on shares of ON from $55.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ON presently has an average rating of "Moderate Buy" and a consensus target price of $56.05.
Read Our Latest Stock Report on ON
ON Stock Performance
NYSE ONON traded up $1.02 during trading on Tuesday, reaching $59.55. 3,440,644 shares of the company's stock were exchanged, compared to its average volume of 4,891,627. On Holding AG has a 1 year low of $25.78 and a 1 year high of $59.84. The stock has a market cap of $37.50 billion, a P/E ratio of 138.47 and a beta of 2.30. The company has a 50 day moving average price of $51.32 and a two-hundred day moving average price of $45.12.
About ON
(
Free Report)
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.
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