3,650 Shares in On Holding AG (NYSE:ONON) Bought by River Street Advisors LLC

River Street Advisors LLC purchased a new stake in On Holding AG (NYSE:ONON) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,650 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in ON by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,787,871 shares of the company’s stock worth $98,636,000 after buying an additional 14,674 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of ON by 66,838.9% during the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock worth $93,500,000 after purchasing an additional 2,406,200 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of ON by 574.3% during the second quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company’s stock worth $59,878,000 after purchasing an additional 1,315,006 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of ON by 100.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock worth $49,716,000 after purchasing an additional 642,894 shares in the last quarter. Finally, Fred Alger Management LLC increased its position in shares of ON by 22.8% during the second quarter. Fred Alger Management LLC now owns 1,152,941 shares of the company’s stock worth $44,734,000 after purchasing an additional 213,815 shares in the last quarter. 33.11% of the stock is owned by hedge funds and other institutional investors.

ON Trading Down 2.7 %

ON stock traded down $1.43 on Friday, reaching $51.92. 2,616,893 shares of the stock were exchanged, compared to its average volume of 4,974,211. The stock has a market cap of $32.69 billion, a PE ratio of 120.74 and a beta of 2.25. On Holding AG has a twelve month low of $25.78 and a twelve month high of $56.44. The firm has a fifty day moving average price of $49.56 and a two-hundred day moving average price of $43.17.

ON (NYSE:ONON) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $627.66 million for the quarter, compared to analyst estimates of $634.43 million. ON had a net margin of 5.87% and a return on equity of 11.02%. Equities analysts anticipate that On Holding AG will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ONON has been the topic of several recent research reports. Piper Sandler boosted their price target on ON from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. HSBC initiated coverage on ON in a research report on Thursday, September 5th. They issued a “hold” rating and a $52.00 price target on the stock. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $60.00 in a research report on Wednesday. UBS Group boosted their target price on ON from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, KeyCorp boosted their price target on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, ON presently has an average rating of “Moderate Buy” and an average price target of $54.33.

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.