Freedom Investment Management Inc. Has $574,000 Stock Holdings in On Holding AG (NYSE:ONON)

Freedom Investment Management Inc. lowered its position in shares of On Holding AG (NYSE:ONON) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,477 shares of the company’s stock after selling 1,605 shares during the quarter. Freedom Investment Management Inc.’s holdings in ON were worth $574,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ONON. Strategic Financial Concepts LLC acquired a new position in shares of ON during the fourth quarter worth approximately $30,000. Legacy Bridge LLC acquired a new position in ON during the 4th quarter worth $43,000. Bernard Wealth Management Corp. bought a new position in ON in the 4th quarter valued at $44,000. Arcadia Investment Management Corp MI acquired a new stake in shares of ON in the 4th quarter valued at $53,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of ON during the fourth quarter worth $65,000. 36.39% of the stock is owned by institutional investors.

ON Stock Performance

Shares of ON stock opened at $42.50 on Monday. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05. The business’s 50 day simple moving average is $46.28 and its 200 day simple moving average is $51.75. The firm has a market cap of $26.76 billion, a PE ratio of 98.83, a P/E/G ratio of 1.02 and a beta of 2.32.

Wall Street Analysts Forecast Growth

ONON has been the topic of several recent research reports. Jefferies Financial Group assumed coverage on ON in a report on Tuesday, April 1st. They issued a “hold” rating and a $44.00 price target on the stock. TD Cowen lifted their price target on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. KeyCorp restated an “overweight” rating and issued a $68.00 price objective on shares of ON in a report on Wednesday, March 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 target price on shares of ON in a report on Tuesday, April 1st. Finally, Morgan Stanley raised their price target on ON from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, ON has an average rating of “Moderate Buy” and an average price target of $60.00.

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.