Russell Investments Group Ltd. cut its stake in On Holding AG (NYSE:ONON - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,705 shares of the company's stock after selling 33,002 shares during the quarter. Russell Investments Group Ltd.'s holdings in ON were worth $12,317,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. CWM LLC increased its position in ON by 22.2% during the first quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after acquiring an additional 229 shares during the period. Sage Capital Advisors llc increased its position in ON by 0.3% during the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock worth $4,406,000 after acquiring an additional 269 shares during the period. TCTC Holdings LLC increased its position in ON by 118.4% during the first quarter. TCTC Holdings LLC now owns 581 shares of the company's stock worth $26,000 after acquiring an additional 315 shares during the period. Merit Financial Group LLC increased its position in ON by 2.9% during the first quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock worth $539,000 after acquiring an additional 348 shares during the period. Finally, Parallel Advisors LLC increased its position in ON by 53.4% during the first quarter. Parallel Advisors LLC now owns 1,292 shares of the company's stock worth $57,000 after acquiring an additional 450 shares during the period. 36.39% of the stock is owned by institutional investors.
ON Stock Down 0.5%
Shares of ON stock traded down $0.2240 during trading on Tuesday, reaching $44.9960. 6,303,256 shares of the company traded hands, compared to its average volume of 8,361,644. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00. On Holding AG has a 1-year low of $34.59 and a 1-year high of $64.05. The company has a 50 day moving average price of $50.98 and a 200-day moving average price of $50.33. The firm has a market capitalization of $28.33 billion, a PE ratio of 99.99, a P/E/G ratio of 2.48 and a beta of 2.24.
Analysts Set New Price Targets
A number of research firms recently commented on ONON. Needham & Company LLC reaffirmed a "buy" rating and set a $62.00 price target on shares of ON in a research report on Tuesday, August 12th. Morgan Stanley raised their target price on shares of ON from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Citigroup raised shares of ON from a "neutral" rating to a "buy" rating and decreased their target price for the company from $65.00 to $60.00 in a report on Monday, April 28th. Truist Financial raised their target price on shares of ON from $61.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Piper Sandler reissued an "overweight" rating on shares of ON in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.20.
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ON Company Profile
(
Free Report)
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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