Sage Capital Advisors llc Purchases 201 Shares of On Holding AG (NYSE:ONON)

Sage Capital Advisors llc boosted its position in On Holding AG (NYSE:ONON) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 100,060 shares of the company’s stock after acquiring an additional 201 shares during the period. ON accounts for approximately 1.4% of Sage Capital Advisors llc’s portfolio, making the stock its 22nd largest holding. Sage Capital Advisors llc’s holdings in ON were worth $5,480,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ONON. Capital Advisors Inc. OK boosted its holdings in ON by 5.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after purchasing an additional 301 shares during the period. 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 in the last quarter. Blue Trust Inc. increased its stake in ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after acquiring an additional 403 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of ON by 0.7% in the 2nd quarter. King Luther Capital Management Corp now owns 56,021 shares of the company’s stock valued at $2,174,000 after acquiring an additional 405 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in shares of ON by 7.2% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,728 shares of the company’s stock worth $261,000 after purchasing an additional 453 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ONON has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on ON from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, November 13th. KeyCorp lifted their target price on shares of ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Citigroup initiated coverage on shares of ON in a research report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price target for the company. Finally, Bank of America started coverage on ON in a report on Tuesday. They issued a “buy” rating and a $73.00 price objective on the stock. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.86.

ON Trading Up 2.4 %

ON stock traded up $1.33 during mid-day trading on Friday, hitting $56.87. The stock had a trading volume of 1,661,502 shares, compared to its average volume of 2,470,509. The firm’s 50 day moving average is $55.10 and its 200 day moving average is $48.02. The firm has a market capitalization of $35.81 billion, a P/E ratio of 132.26 and a beta of 2.30. On Holding AG has a one year low of $26.03 and a one year high of $60.12.

ON Company Profile

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.