Coldstream Capital Management Inc. Grows Position in On Holding AG $ONON

Coldstream Capital Management Inc. raised its holdings in On Holding AG (NYSE:ONON) by 185.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,205 shares of the company’s stock after acquiring an additional 7,932 shares during the period. Coldstream Capital Management Inc.’s holdings in ON were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of ONON. Alliancebernstein L.P. lifted its stake in shares of ON by 13.9% during the 1st quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company’s stock valued at $869,388,000 after buying an additional 2,416,534 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ON by 29.4% during the second quarter. American Century Companies Inc. now owns 3,692,568 shares of the company’s stock worth $192,198,000 after acquiring an additional 839,754 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of ON by 1.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,395,611 shares of the company’s stock worth $149,136,000 after acquiring an additional 34,120 shares during the period. 1832 Asset Management L.P. grew its position in shares of ON by 8.3% in the first quarter. 1832 Asset Management L.P. now owns 2,344,700 shares of the company’s stock valued at $102,979,000 after purchasing an additional 178,750 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of ON during the 1st quarter valued at $102,850,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ONON. Zacks Research raised ON from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Singular Research raised shares of ON to a “strong-buy” rating in a research note on Monday, November 17th. Morgan Stanley upped their target price on shares of ON from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Jefferies Financial Group reissued an “underperform” rating and issued a $31.00 price target on shares of ON in a report on Wednesday, November 12th. Finally, Truist Financial reduced their price target on shares of ON from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.38.

ON Price Performance

ONON stock opened at $43.22 on Thursday. The firm has a 50 day simple moving average of $41.38 and a two-hundred day simple moving average of $47.81. The stock has a market cap of $27.14 billion, a PE ratio of 56.13, a P/E/G ratio of 2.44 and a beta of 2.18. On Holding AG has a one year low of $34.38 and a one year high of $64.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.55 and a quick ratio of 2.05.

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.