Accredited Investors Inc. Acquires New Holdings in On Holding AG (NYSE:ONON)

Accredited Investors Inc. bought a new position in On Holding AG (NYSE:ONON) in the third quarter, HoldingsChannel.com reports. The fund bought 5,100 shares of the company’s stock, valued at approximately $256,000.

A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the period. Quarry LP purchased a new position in ON in the second quarter worth about $32,000. MFA Wealth Advisors LLC bought a new stake in shares of ON during the 3rd quarter valued at about $50,000. Finally, Asset Dedication LLC grew its stake in shares of ON by 25.8% during the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock valued at $62,000 after purchasing an additional 327 shares during the period. Institutional investors own 33.11% of the company’s stock.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of research reports. Barclays raised their price objective on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus lifted their price target on shares of ON from $45.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Morgan Stanley upped their price objective on ON from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Hsbc Global Res upgraded ON to a “hold” rating in a research report on Thursday, September 5th. Finally, BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, ON has a consensus rating of “Moderate Buy” and an average target price of $54.33.

ON Stock Down 2.7 %

ONON opened at $51.92 on Friday. The company has a market capitalization of $32.69 billion, a PE ratio of 120.75 and a beta of 2.25. The firm has a 50-day simple moving average of $49.56 and a two-hundred day simple moving average of $43.25. On Holding AG has a 52 week low of $25.78 and a 52 week high of $56.44.

ON Profile

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.