Red Spruce Capital LLC Sells 322 Shares of On Holding AG (NYSE:ONON)

Red Spruce Capital LLC lowered its stake in On Holding AG (NYSE:ONON) by 1.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,586 shares of the company’s stock after selling 322 shares during the period. Red Spruce Capital LLC’s holdings in ON were worth $948,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in shares of ON by 53.4% during the first quarter. Parallel Advisors LLC now owns 1,292 shares of the company’s stock worth $57,000 after acquiring an additional 450 shares during the period. Sage Capital Advisors llc grew its holdings in ON by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company’s stock valued at $4,406,000 after buying an additional 269 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in ON during the 1st quarter worth $32,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ON by 3.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,707 shares of the company’s stock worth $1,025,000 after buying an additional 705 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of ON during the fourth quarter worth $1,556,000. 36.39% of the stock is owned by institutional investors.

ON Stock Performance

NYSE ONON opened at $58.78 on Friday. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The stock has a market cap of $37.01 billion, a PE ratio of 136.70, a PEG ratio of 1.02 and a beta of 2.30. The firm’s fifty day moving average price is $48.41 and its two-hundred day moving average price is $52.35.

Analyst Ratings Changes

ONON has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of ON from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Hsbc Global Res upgraded ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Evercore ISI raised their price objective on ON from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 14th. Barclays set a $68.00 price objective on ON in a report on Wednesday, May 14th. Finally, Cowen reissued a “buy” rating on shares of ON in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $62.45.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.