Capital Advisors Inc. OK Buys 200 Shares of On Holding AG (NYSE:ONON)

Capital Advisors Inc. OK lifted its position in On Holding AG (NYSE:ONON) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,386 shares of the company’s stock after buying 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.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA bought a new position in ON in the 3rd quarter valued at $26,000. Blue Trust Inc. increased 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 purchasing an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 valued at $28,000 after buying 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 bought a new position in ON in the 4th quarter worth about $30,000. 36.39% of the stock is currently owned by institutional investors.

ON Stock Performance

NYSE ONON opened at $54.09 on Thursday. On Holding AG has a one year low of $27.37 and a one year high of $64.05. The business has a fifty day moving average price of $57.15 and a 200 day moving average price of $51.40. The company has a market cap of $34.06 billion, a P/E ratio of 125.79, a P/E/G ratio of 1.20 and a beta of 2.30.

Wall Street Analysts Forecast Growth

ONON has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen boosted their target price on ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $64.00 target price on shares of ON in a report on Wednesday, January 15th. Robert W. Baird upped their price target on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, BTIG Research raised shares of 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. Five 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 company’s stock. Based on data from MarketBeat.com, ON has a consensus rating of “Moderate Buy” and an average price target of $59.73.

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.