Aurora Private Wealth Inc. Purchases New Position in On Holding AG (NYSE:ONON)

Aurora Private Wealth Inc. acquired a new stake in On Holding AG (NYSE:ONON - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 13,455 shares of the company's stock, valued at approximately $591,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbour Capital Advisors LLC bought a new stake in shares of ON during the first quarter valued at about $237,000. APEIRON CAPITAL Ltd grew its stake in ON by 35.9% during the first quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock valued at $43,882,000 after acquiring an additional 264,000 shares in the last quarter. Ridgecrest Wealth Partners LLC bought a new stake in ON during the 1st quarter worth approximately $1,823,000. Congress Park Capital LLC lifted its stake in ON by 13.5% in the 1st quarter. Congress Park Capital LLC now owns 30,120 shares of the company's stock worth $1,323,000 after purchasing an additional 3,593 shares in the last quarter. Finally, Sterling Investment Counsel LLC boosted its holdings in ON by 19.1% in the 1st quarter. Sterling Investment Counsel LLC now owns 5,450 shares of the company's stock valued at $239,000 after purchasing an additional 875 shares during the period. Institutional investors own 36.39% of the company's stock.

ON Trading Down 1.9%

Shares of NYSE ONON opened at $51.44 on Thursday. The stock 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 debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The firm has a 50-day moving average of $53.04 and a 200 day moving average of $52.19.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 price objective on shares of ON in a research report on Tuesday, May 13th. KeyCorp upped their price objective on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Stifel Nicolaus lifted their target price on shares of ON from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. HSBC raised shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a report on Tuesday, March 11th. Finally, Williams Trading upped their target price on shares of ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Two 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. Based on data from MarketBeat, ON has a consensus rating of "Buy" and an average target price of $63.85.

About ON

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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