Hantz Financial Services Inc. Makes New Investment in On Holding AG (NYSE:ONON)

Hantz Financial Services Inc. purchased a new stake in shares of On Holding AG (NYSE:ONON) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,500 shares of the company’s stock, valued at approximately $1,128,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA bought a new stake in ON in the 3rd quarter worth approximately $26,000. 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 grew its holdings in shares of ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in ON during the third quarter valued at $29,000. Finally, Quarry LP bought a new position in ON in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 33.11% of the company’s stock.

ON Stock Performance

ONON opened at $58.33 on Monday. The stock has a market capitalization of $36.73 billion, a price-to-earnings ratio of 135.65 and a beta of 2.25. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $59.19. The company has a fifty day moving average of $51.16 and a 200 day moving average of $44.97.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Hsbc Global Res upgraded ON to a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their price target on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price objective on ON from $45.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Bank of America upgraded ON from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $55.00 in a research report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.05.

ON Company 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.