R Squared Ltd Takes $154,000 Position in On Holding AG (NYSE:ONON)

R Squared Ltd purchased a new position in On Holding AG (NYSE:ONON) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,810 shares of the company’s stock, valued at approximately $154,000.

Other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in shares of ON during the third quarter worth approximately $26,000. Blue Trust Inc. increased its holdings in ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position 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 valued at $28,000 after purchasing an additional 400 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of ON in the 3rd quarter worth $29,000. Finally, Quarry LP bought a new position in shares of ON during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ONON. Needham & Company LLC restated a “buy” rating and issued a $64.00 price objective on shares of ON in a report on Wednesday, January 15th. The Goldman Sachs Group increased their price objective on shares of ON from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. UBS Group reissued a “buy” rating and issued a $63.00 price objective on shares of ON in a research note on Friday, December 27th. Morgan Stanley increased their target price on ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON Trading Up 1.6 %

Shares of NYSE:ONON opened at $63.16 on Thursday. On Holding AG has a twelve month low of $26.22 and a twelve month high of $63.80. The company’s 50 day moving average is $57.21 and its 200 day moving average is $50.12. The company has a market cap of $39.77 billion, a PE ratio of 146.88, a price-to-earnings-growth ratio of 1.19 and a beta of 2.30.

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.