31,600 Shares in On Holding AG $ONON Bought by Polianta Ltd

Polianta Ltd bought a new stake in On Holding AG (NYSE:ONON) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,600 shares of the company’s stock, valued at approximately $1,338,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Washington Trust Advisors Inc. bought a new position in ON in the 2nd quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its stake 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 valued at $42,000 after acquiring an additional 916 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of ON by 5,888.9% during the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock worth $46,000 after purchasing an additional 1,060 shares during the period. Ramirez Asset Management Inc. grew its stake in shares of ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of ON in the first quarter worth $60,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Trading Down 3.1%

NYSE:ONON opened at $46.39 on Friday. The firm has a fifty day simple moving average of $43.04 and a two-hundred day simple moving average of $46.24. On Holding AG has a 12 month low of $34.38 and a 12 month high of $64.05. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 60.24, a PEG ratio of 2.75 and a beta of 2.16. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

Several research analysts have commented on the company. The Goldman Sachs Group lifted their target price on ON from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Needham & Company LLC dropped their price target on shares of ON from $62.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Morgan Stanley upped their price objective on shares of ON from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. TD Cowen lifted their target price on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Raymond James Financial decreased their price target on ON from $66.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.27.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.