Atria Investments Inc Sells 1,463 Shares of On Holding AG (NYSE:ONON)

Atria Investments Inc decreased its position in On Holding AG (NYSE:ONON) by 22.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,174 shares of the company’s stock after selling 1,463 shares during the period. Atria Investments Inc’s holdings in ON were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares during the last quarter. Quarry LP bought a new position in ON in the 2nd quarter valued at approximately $32,000. MFA Wealth Advisors LLC purchased a new stake in ON during the 3rd quarter valued at $50,000. Finally, nVerses Capital LLC bought a new stake in shares of ON in the 3rd quarter worth $65,000. 33.11% of the stock is owned by hedge funds and other institutional investors.

ON Stock Up 3.5 %

ONON stock opened at $58.13 on Friday. The business’s 50-day moving average price is $50.34 and its 200-day moving average price is $43.94. The stock has a market cap of $36.60 billion, a P/E ratio of 135.19 and a beta of 2.25. On Holding AG has a twelve month low of $25.78 and a twelve month high of $58.51.

Wall Street Analysts Forecast Growth

ONON has been the topic of a number of research analyst reports. Needham & Company LLC began coverage on ON in a report on Friday. They set a “buy” rating and a $64.00 price target on the stock. Stifel Nicolaus upped their target price on shares of ON from $45.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. TD Cowen lifted their price target on shares of ON from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Finally, BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.05.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.