Harbour Capital Advisors LLC Invests $237,000 in On Holding AG (NYSE:ONON)

Harbour Capital Advisors LLC acquired a new stake in shares of On Holding AG (NYSE:ONON - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,390 shares of the company's stock, valued at approximately $237,000.

A number of other large investors have also recently made changes to their positions in the stock. Keystone Investors PTE Ltd. grew its holdings in shares of ON by 0.8% during the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock valued at $1,639,000 after buying an additional 228 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of ON by 2.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after buying an additional 259 shares during the last quarter. Sage Capital Advisors llc grew its holdings in shares of ON by 0.3% during the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after buying an additional 269 shares during the last quarter. CreativeOne Wealth LLC lifted its position in ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock valued at $743,000 after purchasing an additional 323 shares during the period. Finally, Atria Investments Inc lifted its position in ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after purchasing an additional 341 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HSBC upgraded shares of ON from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a research report on Tuesday, March 11th. Jefferies Financial Group assumed coverage on shares of ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 target price for the company. Piper Sandler restated an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Williams Trading boosted their target price on shares of ON from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley decreased their target price on shares of ON from $66.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, ON presently has an average rating of "Buy" and an average price target of $63.85.

ON Price Performance

Shares of ON stock traded up $0.94 during trading hours 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's 50 day moving average is $53.42 and its 200 day moving average is $52.11. The firm has a market capitalization of $33.08 billion, a PE ratio of 75.05, a PEG ratio of 3.00 and a beta of 2.35. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19.

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.