Concurrent Investment Advisors LLC Raises Stock Holdings in On Holding AG (NYSE:ONON)

Concurrent Investment Advisors LLC lifted its holdings in shares of On Holding AG (NYSE:ONON) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,413 shares of the company’s stock after purchasing an additional 259 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in ON were worth $516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ONON. Vista Capital Partners Inc. lifted its position in ON by 2.4% in the 4th quarter. Vista Capital Partners Inc. now owns 18,430 shares of the company’s stock worth $1,009,000 after buying an additional 430 shares during the last quarter. Global Retirement Partners LLC lifted its position in ON by 337.3% in the fourth quarter. Global Retirement Partners LLC now owns 22,964 shares of the company’s stock valued at $1,258,000 after purchasing an additional 17,713 shares during the last quarter. New York State Common Retirement Fund lifted its position in ON by 102.1% in the fourth quarter. New York State Common Retirement Fund now owns 221,820 shares of the company’s stock valued at $12,149,000 after purchasing an additional 112,078 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in ON by 154.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 15,239 shares of the company’s stock valued at $835,000 after purchasing an additional 9,259 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in ON by 37.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 14,500 shares of the company’s stock valued at $794,000 after purchasing an additional 3,970 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group reiterated a “buy” rating and issued a $63.00 price objective on shares of ON in a research report on Friday, December 27th. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $67.00 price objective on shares of ON in a research report on Wednesday, January 15th. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group downgraded ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ON has an average rating of “Moderate Buy” and an average price target of $59.73.

ON Stock Up 0.5 %

Shares of ONON stock opened at $48.70 on Tuesday. The stock has a market cap of $30.67 billion, a price-to-earnings ratio of 113.26, a PEG ratio of 1.02 and a beta of 2.30. The business’s fifty day moving average is $56.18 and its 200 day moving average is $52.18. On Holding AG has a twelve month low of $27.37 and a twelve month high of $64.05.

About ON

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.