Quantbot Technologies LP Has $7.83 Million Holdings in On Holding AG (NYSE:ONON)

Quantbot Technologies LP raised its holdings in On Holding AG (NYSE:ONON) by 130.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 156,094 shares of the company’s stock after buying an additional 88,443 shares during the quarter. Quantbot Technologies LP’s holdings in ON were worth $7,828,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ONON. Vanguard Group Inc. raised its position in ON by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 203,025 shares of the company’s stock valued at $7,183,000 after buying an additional 7,874 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in ON by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,787,871 shares of the company’s stock worth $98,636,000 after purchasing an additional 14,674 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in ON during the first quarter valued at $486,000. Ogborne Capital Management LLC grew its holdings in shares of ON by 31.0% during the first quarter. Ogborne Capital Management LLC now owns 658,365 shares of the company’s stock worth $23,293,000 after purchasing an additional 155,949 shares in the last quarter. Finally, Red Spruce Capital LLC increased its holdings in shares of ON by 8.4% in the 2nd quarter. Red Spruce Capital LLC now owns 22,949 shares of the company’s stock worth $890,000 after buying an additional 1,774 shares during the last quarter. Institutional investors and hedge funds own 33.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ONON. UBS Group raised their target price on shares of ON from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Truist Financial raised their target price on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Williams Trading upgraded shares of ON from a “hold” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. KeyCorp increased their target price on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Finally, Hsbc Global Res raised shares of ON to a “hold” rating in a research report on Thursday, September 5th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.05.

ON Stock Up 0.7 %

ONON stock opened at $58.51 on Tuesday. The business’s 50-day moving average price is $50.52 and its 200-day moving average price is $44.27. The stock has a market cap of $36.84 billion, a P/E ratio of 136.07 and a beta of 2.25. On Holding AG has a twelve month low of $25.78 and a twelve month high of $59.19.

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.