On Holding AG (NYSE:ONON) Holdings Cut by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its holdings in On Holding AG (NYSE:ONON) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,099 shares of the company’s stock after selling 4,388 shares during the period. Sanctuary Advisors LLC’s holdings in ON were worth $2,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of ON by 28.1% during the fourth quarter. Principal Financial Group Inc. now owns 130,381 shares of the company’s stock valued at $7,141,000 after buying an additional 28,597 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of ON by 3.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company’s stock valued at $586,000 after buying an additional 373 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ON by 1,446.0% during the fourth quarter. Allworth Financial LP now owns 1,546 shares of the company’s stock valued at $91,000 after buying an additional 1,446 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of ON during the fourth quarter valued at approximately $30,000. Finally, Principal Securities Inc. raised its holdings in shares of ON by 32.1% during the fourth quarter. Principal Securities Inc. now owns 2,513 shares of the company’s stock valued at $138,000 after buying an additional 610 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

NYSE ONON opened at $48.23 on Friday. On Holding AG has a twelve month low of $27.37 and a twelve month high of $64.05. The stock has a market cap of $30.37 billion, a price-to-earnings ratio of 112.16, a PEG ratio of 1.02 and a beta of 2.30. The firm’s 50 day moving average price is $56.37 and its two-hundred day moving average price is $52.01.

Analyst Ratings Changes

ONON has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut ON from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Wednesday, February 12th. Robert W. Baird raised their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus raised their price objective on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price objective on shares of ON in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $64.00 price objective on shares of ON in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ON has an average rating of “Moderate Buy” and an average price target of $59.73.

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, 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.