Sage Capital Advisors llc Boosts Stock Position in On Holding AG $ONON

Sage Capital Advisors llc grew its stake in shares of On Holding AG (NYSE:ONON) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,812 shares of the company’s stock after acquiring an additional 483 shares during the period. ON accounts for approximately 1.3% of Sage Capital Advisors llc’s portfolio, making the stock its 27th largest holding. Sage Capital Advisors llc’s holdings in ON were worth $5,247,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ONON. Montag A & Associates Inc. purchased a new stake in shares of ON during the first quarter worth $26,000. TCTC Holdings LLC lifted its position in shares of 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 in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of ON during the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of ON during the first quarter worth $32,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of ON by 3,392.6% during the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock worth $42,000 after acquiring an additional 916 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ONON shares. Jefferies Financial Group set a $40.00 price target on shares of ON and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Raymond James Financial cut shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 price target on the stock. in a report on Tuesday, July 22nd. UBS Group increased their target price on ON from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of ON in a research note on Tuesday, August 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price objective on shares of ON in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, ON currently has a consensus rating of “Moderate Buy” and an average price target of $64.20.

ON Stock Down 0.7%

ONON opened at $42.99 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The firm’s fifty day moving average is $48.03 and its 200 day moving average is $49.25. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 95.54, a price-to-earnings-growth ratio of 5.59 and a beta of 2.23.

ON Company 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.