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

Atala Financial Inc lifted its position in On Holding AG (NYSE:ONON - Free Report) by 77.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,625 shares of the company's stock after buying an additional 15,143 shares during the quarter. ON comprises approximately 1.1% of Atala Financial Inc's holdings, making the stock its 28th biggest position. Atala Financial Inc's holdings in ON were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in ON during the fourth quarter worth about $164,574,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ON in the fourth quarter valued at approximately $78,799,000. Axiom Investors LLC DE bought a new position in shares of ON during the 4th quarter worth approximately $39,320,000. BNP Paribas Financial Markets bought a new position in shares of ON during the 4th quarter worth approximately $39,119,000. Finally, Raymond James Financial Inc. acquired a new position in shares of ON during the 4th quarter worth approximately $28,575,000. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ONON shares. Citigroup raised shares of ON from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $65.00 to $60.00 in a research report on Monday, April 28th. Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 price target on shares of ON in a report on Tuesday, May 13th. UBS Group set a $75.00 price objective on shares of ON in a research report on Wednesday, May 14th. Robert W. Baird upped their target price on ON from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley dropped their price target on ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $63.85.

ON Trading Down 1.9%

ONON opened at $51.44 on Thursday. The company has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $52.19. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05. The company has a market cap of $32.39 billion, a P/E ratio of 73.49, a price-to-earnings-growth ratio of 3.00 and a beta of 2.35. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19.

ON Company 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.

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