7,736 Shares in On Holding AG (NYSE:ONON) Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. bought a new stake in On Holding AG (NYSE:ONON) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,736 shares of the company’s stock, valued at approximately $209,000.

Other large investors also recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in shares of ON by 91.0% in the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock valued at $27,000 after buying an additional 463 shares during the period. Orion Capital Management LLC lifted its position in shares of ON by 1,100.0% during the fourth quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares in the last quarter. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of ON in the fourth quarter valued at approximately $33,000. Asset Dedication LLC acquired a new position in shares of ON in the third quarter valued at approximately $35,000. Finally, Signaturefd LLC increased its stake in ON by 816.7% during the 3rd quarter. Signaturefd LLC now owns 1,375 shares of the company’s stock worth $38,000 after buying an additional 1,225 shares during the period. 33.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of research analyst reports. Redburn Atlantic restated a “neutral” rating and set a $34.00 price objective on shares of ON in a research report on Thursday, March 7th. TD Cowen increased their price objective on ON from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Truist Financial boosted their target price on ON from $29.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. Piper Sandler lifted their price objective on shares of ON from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $37.00 price objective on shares of ON in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.53.

ON Stock Down 0.1 %

NYSE:ONON opened at $34.02 on Wednesday. The company has a market capitalization of $21.42 billion, a PE ratio of 126.00, a price-to-earnings-growth ratio of 1.16 and a beta of 2.17. On Holding AG has a 52-week low of $23.41 and a 52-week high of $37.08. The stock has a fifty day simple moving average of $33.26 and a 200-day simple moving average of $30.05.

ON (NYSE:ONON) last announced its earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $504.69 million for the quarter, compared to analyst estimates of $515.30 million. ON had a return on equity of 6.85% and a net margin of 4.04%. As a group, equities analysts anticipate that On Holding AG will post 0.65 earnings per share for the current year.

ON Company 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.