Quadrature Capital Ltd Sells 67,704 Shares of On Holding AG (NYSE:ONON)

Quadrature Capital Ltd lessened its holdings in On Holding AG (NYSE:ONON) by 65.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,096 shares of the company’s stock after selling 67,704 shares during the quarter. Quadrature Capital Ltd’s holdings in ON were worth $1,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of ON during the 3rd quarter worth $26,000. Blue Trust Inc. grew its stake in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in ON in the 3rd quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after buying an additional 400 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of ON during the 2nd quarter worth approximately $32,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ONON shares. Robert W. Baird lifted their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price target on ON from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. UBS Group upped their price objective on ON from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen lifted their target price on ON from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays boosted their target price on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ON presently has an average rating of “Moderate Buy” and an average target price of $56.05.

ON Trading Down 2.9 %

NYSE ONON opened at $57.64 on Friday. On Holding AG has a 12 month low of $25.78 and a 12 month high of $60.12. The firm has a market capitalization of $36.29 billion, a PE ratio of 134.05 and a beta of 2.30. The business’s 50-day moving average price is $51.96 and its two-hundred day moving average price is $45.60.

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.