Level Four Advisory Services LLC Buys Shares of 13,613 On Holding AG (NYSE:ONON)

Level Four Advisory Services LLC purchased a new position in shares of On Holding AG (NYSE:ONONFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,613 shares of the company’s stock, valued at approximately $367,000.

A number of other large investors also recently modified their holdings of ONON. Spire Wealth Management grew its holdings in ON by 91.0% during the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after acquiring an additional 463 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in ON during the 4th quarter worth $32,000. Orion Capital Management LLC lifted its holdings in ON by 1,100.0% during the 4th quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the period. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of ON in the 4th quarter valued at about $33,000. Finally, Asset Dedication LLC acquired a new stake in shares of ON in the third quarter valued at about $35,000. 33.11% of the stock is currently owned by institutional investors.

ON Stock Up 0.8 %

Shares of NYSE:ONON opened at $37.60 on Thursday. The company has a 50-day moving average price of $33.65 and a two-hundred day moving average price of $30.73. On Holding AG has a twelve month low of $23.41 and a twelve month high of $38.65. The firm has a market capitalization of $23.67 billion, a PE ratio of 85.46, a P/E/G ratio of 1.31 and a beta of 2.17.

ON (NYSE:ONONGet Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). The firm had revenue of $504.69 million for the quarter, compared to analysts’ expectations of $515.30 million. ON had a net margin of 6.46% and a return on equity of 11.13%. Analysts anticipate that On Holding AG will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on ONON shares. Morgan Stanley upped their target price on ON from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Evercore ISI boosted their target price on shares of ON from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. TD Cowen increased their price target on ON from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Redburn Atlantic reissued a “neutral” rating and issued a $34.00 price objective on shares of ON in a research note on Thursday, March 7th. Finally, TheStreet cut ON from a “c” rating to a “d+” rating in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.87.

Check Out Our Latest Report on ON

ON Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ON (NYSE:ONON)

Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.