On Holding AG (NYSE:ONON) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its position in On Holding AG (NYSE:ONON) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,386 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Capital Advisors Inc. OK’s holdings in ON were worth $350,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ONON. Private Trust Co. NA purchased a new position in ON during the 3rd quarter worth $26,000. Blue Trust Inc. boosted 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 valued at $27,000 after acquiring an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of 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 acquiring an additional 400 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in ON during the third quarter worth about $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in ON in the fourth quarter valued at about $30,000. 36.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ONON shares. TD Cowen increased their price target on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Bank of America began coverage on shares of ON in a report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 target price for the company. Stifel Nicolaus lifted their price target on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. KeyCorp upped their price target on ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $64.00 price objective on shares of ON in a report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

ON Stock Up 0.2 %

Shares of ON stock opened at $54.09 on Thursday. On Holding AG has a 12-month low of $27.37 and a 12-month high of $64.05. The stock has a market capitalization of $34.06 billion, a P/E ratio of 125.79, a price-to-earnings-growth ratio of 1.20 and a beta of 2.30. The company has a 50-day simple moving average of $57.15 and a 200 day simple moving average of $51.40.

About ON

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.