Coldstream Capital Management Inc. Takes Position in On Holding AG (NYSE:ONON)

Coldstream Capital Management Inc. purchased a new position in shares of On Holding AG (NYSE:ONON) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,196 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ONON. Capital Advisors Inc. OK increased its stake in shares of ON by 3.2% in the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock valued at $350,000 after buying an additional 200 shares in the last quarter. Keystone Investors PTE Ltd. increased its position in ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock valued at $1,639,000 after acquiring an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of ON by 2.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after acquiring an additional 259 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock worth $743,000 after purchasing an additional 323 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of 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 last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.

ON Price Performance

Shares of ON stock opened at $48.86 on Friday. The firm has a market cap of $30.76 billion, a price-to-earnings ratio of 113.63, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. On Holding AG has a one year low of $29.84 and a one year high of $64.05. The stock’s 50-day moving average is $45.18 and its 200-day moving average is $51.40.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ONON. Bank of America began coverage on ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective on the stock. UBS Group raised their price target on ON from $56.00 to $59.00 and gave the company a “buy” rating in a report on Monday, April 28th. Citigroup raised ON from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $65.00 to $60.00 in a report on Monday. The Goldman Sachs Group lowered shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Wednesday, February 12th. Finally, Hsbc Global Res raised shares of ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $58.77.

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, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.