On Holding AG (NYSE:ONON) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its position in On Holding AG (NYSE:ONON) by 189.9% during the 3rd quarter, Holdings Channel reports. The firm owned 719,493 shares of the company’s stock after acquiring an additional 471,323 shares during the quarter. Cerity Partners LLC’s holdings in ON were worth $36,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC lifted its stake in ON by 1.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock valued at $924,000 after buying an additional 300 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in shares of ON by 5.1% in the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after acquiring an additional 301 shares during the last quarter. Artemis Investment Management LLP lifted its position in shares of ON by 1.9% in the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company’s stock valued at $637,000 after acquiring an additional 302 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of ON by 3.2% in the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock valued at $404,000 after acquiring an additional 325 shares in the last quarter. Finally, Asset Dedication LLC boosted its stake in shares of ON by 25.8% during the second quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock valued at $62,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 33.11% of the company’s stock.

ON Trading Up 3.5 %

Shares of ONON stock opened at $58.13 on Friday. The company’s fifty day simple moving average is $50.34 and its 200-day simple moving average is $43.94. On Holding AG has a 52 week low of $25.78 and a 52 week high of $58.51. The company has a market cap of $36.60 billion, a PE ratio of 135.19 and a beta of 2.25.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ONON shares. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, November 13th. KeyCorp boosted their price objective on shares of ON from $47.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and raised their target price for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Needham & Company LLC began coverage on shares of ON in a research report on Friday. They set a “buy” rating and a $64.00 target price on the stock. Finally, TD Cowen raised their target price on shares of ON from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.05.

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.