Janney Montgomery Scott LLC Has $1 Million Stock Holdings in On Holding AG (NYSE:ONON)

Janney Montgomery Scott LLC decreased its stake in On Holding AG (NYSE:ONON - Free Report) by 43.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,821 shares of the company's stock after selling 17,878 shares during the period. Janney Montgomery Scott LLC's holdings in ON were worth $1,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets bought a new position in ON in the fourth quarter valued at approximately $39,119,000. Raymond James Financial Inc. acquired a new stake in shares of ON in the 4th quarter valued at approximately $28,575,000. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of ON by 14.7% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 62,281 shares of the company's stock valued at $3,411,000 after buying an additional 7,960 shares during the last quarter. Atala Financial Inc bought a new position in shares of ON in the fourth quarter valued at $1,067,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ON by 472.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,800 shares of the company's stock worth $2,508,000 after buying an additional 37,804 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Stock Performance

Shares of NYSE:ONON opened at $52.53 on Monday. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The stock has a market capitalization of $33.08 billion, a price-to-earnings ratio of 75.05, 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. The company's 50 day simple moving average is $53.42 and its 200 day simple moving average is $52.07.

Analyst Ratings Changes

Several research firms have issued reports on ONON. Jefferies Financial Group began coverage on shares of ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target on the stock. Hsbc Global Res upgraded shares of ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus raised their target price on shares of ON from $57.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. UBS Group set a $75.00 price target on ON in a report on Wednesday, May 14th. Finally, Williams Trading upped their price objective on ON from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, ON presently has an average rating of "Buy" and an average target price of $63.85.

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.

Want to see what other hedge funds are holding ONON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Holding AG (NYSE:ONON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.