Wealthcare Advisory Partners LLC Sells 345 Shares of On Holding AG (NYSE:ONON)

Wealthcare Advisory Partners LLC trimmed its position in shares of On Holding AG (NYSE:ONON) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,787 shares of the company’s stock after selling 345 shares during the period. Wealthcare Advisory Partners LLC’s holdings in ON were worth $1,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RB Capital Management LLC increased its stake in ON by 214.8% in the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock worth $1,125,000 after purchasing an additional 15,303 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in ON by 100.7% in the 2nd 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. Y Intercept Hong Kong Ltd lifted its holdings in ON by 584.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock valued at $4,195,000 after buying an additional 71,436 shares in the last quarter. Forte Capital LLC ADV purchased a new stake in ON in the 3rd quarter valued at about $742,000. Finally, Coronation Fund Managers Ltd. grew its stake in ON by 248.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 154,903 shares of the company’s stock worth $6,010,000 after acquiring an additional 110,467 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Bank of America started coverage on shares of ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target for the company. Robert W. Baird upped their target price on ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $58.00 to $63.00 in a research note on Thursday, November 21st. Barclays upped their price objective on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and raised their target price for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ON currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

ON Stock Up 3.0 %

Shares of NYSE ONON opened at $58.02 on Friday. On Holding AG has a 52 week low of $26.03 and a 52 week high of $60.12. The business’s 50 day moving average price is $56.00 and its 200 day moving average price is $48.82. The firm has a market cap of $36.53 billion, a P/E ratio of 134.94, a P/E/G ratio of 1.16 and a beta of 2.30.

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.