On Holding AG (NYSE:ONON) Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. decreased its stake in On Holding AG (NYSE:ONON) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,252 shares of the company’s stock after selling 1,055 shares during the period. Mitchell Capital Management Co.’s holdings in ON were worth $4,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in shares of ON in the third quarter valued at about $26,000. 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 valued at $27,000 after purchasing an additional 403 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of ON in the third quarter valued at about $29,000. Legacy Bridge LLC purchased a new position in ON during the 4th quarter valued at about $43,000. Finally, Arcadia Investment Management Corp MI purchased a new position in ON during the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ONON shares. Stifel Nicolaus raised their target price on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. 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 Tuesday, January 21st. Citigroup initiated coverage on shares of ON in a report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 target price for the company. TD Cowen lifted their price target on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, UBS Group reiterated a “buy” rating and set a $63.00 price target on shares of ON in a report on Friday, December 27th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

ON Stock Up 3.8 %

Shares of ONON stock opened at $48.45 on Friday. The stock has a market cap of $30.51 billion, a price-to-earnings ratio of 112.69, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. On Holding AG has a fifty-two week low of $27.37 and a fifty-two week high of $64.05. The firm’s 50 day moving average price is $55.58 and its two-hundred day moving average price is $52.25.

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, 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.