Atala Financial Inc Buys 15,143 Shares of On Holding AG (NYSE:ONON)

Atala Financial Inc grew its holdings in On Holding AG (NYSE:ONON - Free Report) by 77.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,625 shares of the company's stock after purchasing an additional 15,143 shares during the quarter. ON comprises about 1.1% of Atala Financial Inc's portfolio, making the stock its 28th biggest position. Atala Financial Inc's holdings in ON were worth $1,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Keystone Investors PTE Ltd. lifted its stake in shares of ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock valued at $1,639,000 after purchasing an additional 228 shares during the period. Sage Capital Advisors llc raised its stake in ON by 0.3% during the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock worth $4,406,000 after buying an additional 269 shares during the period. CreativeOne Wealth LLC raised its stake in ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock worth $743,000 after buying an additional 323 shares during the period. Atria Investments Inc raised its stake in ON by 6.6% during the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock worth $302,000 after buying an additional 341 shares during the period. Finally, Merit Financial Group LLC raised its stake in ON by 2.9% during the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock worth $539,000 after buying an additional 348 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Hsbc Global Res raised ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. KeyCorp increased their price objective on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Cowen restated a "buy" rating on shares of ON in a research report on Wednesday, May 14th. Piper Sandler reiterated an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Finally, Morgan Stanley lowered their price objective on ON from $66.00 to $62.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, ON presently has an average rating of "Buy" and an average price target of $63.85.

ON Price Performance

ONON traded up $0.94 during trading on Friday, reaching $52.53. The stock had a trading volume of 26,312,064 shares, compared to its average volume of 4,629,940. The stock has a market cap of $33.08 billion, a PE ratio of 75.05, a PEG ratio of 3.00 and a beta of 2.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The business has a 50-day moving average of $53.42 and a 200-day moving average of $52.07.

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.