On Holding AG (NYSE:ONON) Shares Sold by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC lessened its position in On Holding AG (NYSE:ONON) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,600 shares of the company’s stock after selling 300 shares during the period. Carl P. Sherr & Co. LLC’s holdings in ON were worth $431,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. 1832 Asset Management L.P. boosted its holdings in shares of ON by 66,838.9% in the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock worth $93,500,000 after buying an additional 2,406,200 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of ON by 574.3% in the second quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company’s stock worth $59,878,000 after buying an additional 1,315,006 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of ON in the second quarter worth about $43,456,000. Renaissance Technologies LLC acquired a new position in shares of ON in the second quarter worth about $27,975,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of ON by 100.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock worth $49,716,000 after buying an additional 642,894 shares during the period. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Stock Down 0.1 %

ONON stock opened at $57.90 on Friday. The company’s fifty day simple moving average is $50.99 and its 200 day simple moving average is $44.65. On Holding AG has a 12-month low of $25.78 and a 12-month high of $59.19. The firm has a market cap of $36.46 billion, a price-to-earnings ratio of 134.65 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ONON shares. Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $58.00 to $63.00 in a report on Thursday, November 21st. Stifel Nicolaus boosted their target price on ON from $45.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Morgan Stanley increased their price target on ON from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $53.00 price objective on shares of ON in a report on Tuesday, November 12th. Finally, HSBC started coverage on shares of ON in a report on Thursday, September 5th. They issued a “hold” rating and a $52.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.05.

ON Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.