On Holding AG (NYSE:ONON) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC reduced its holdings in On Holding AG (NYSE:ONON) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,527 shares of the company’s stock after selling 805 shares during the period. Congress Park Capital LLC’s holdings in ON were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONON. Capital Advisors Inc. OK grew its holdings in ON by 5.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after buying an additional 301 shares in the last quarter. Sage Capital Advisors llc boosted its position in shares of ON by 0.3% during the 3rd quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock valued at $5,008,000 after acquiring an additional 328 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 valued at $28,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. increased its position 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 purchasing an additional 403 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in ON by 0.7% during the second quarter. King Luther Capital Management Corp now owns 56,021 shares of the company’s stock worth $2,174,000 after purchasing an additional 405 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Performance

Shares of ONON stock opened at $56.27 on Friday. The stock’s 50 day simple moving average is $55.87 and its 200 day simple moving average is $48.60. On Holding AG has a twelve month low of $26.03 and a twelve month high of $60.12. The company has a market capitalization of $35.43 billion, a price-to-earnings ratio of 130.87, a PEG ratio of 1.16 and a beta of 2.30.

Analysts Set New Price Targets

Several research firms have recently weighed in on ONON. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price target on shares of ON in a research note on Wednesday. Robert W. Baird raised 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. Bank of America started coverage on ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 target price for the company. Stifel Nicolaus increased their price objective on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, KeyCorp raised their target price on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ON currently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.