HUB Investment Partners LLC Purchases 932 Shares of On Holding AG (NYSE:ONON)

HUB Investment Partners LLC increased its position in On Holding AG (NYSE:ONON) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,710 shares of the company’s stock after purchasing an additional 932 shares during the quarter. HUB Investment Partners LLC’s holdings in ON were worth $3,544,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in ON in the third quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of ON during the fourth quarter worth about $30,000. Legacy Bridge LLC purchased a new stake in shares of ON during the fourth quarter worth about $43,000. Arcadia Investment Management Corp MI purchased a new stake in shares of ON during the fourth quarter worth about $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ON during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ONON. HSBC raised ON from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group cut ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a report on Wednesday, February 12th. UBS Group boosted their price objective on ON from $65.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Raymond James raised shares of ON from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $58.00 to $63.00 in a research note on Thursday, November 21st. Finally, Hsbc Global Res raised ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $61.90.

ON Stock Performance

Shares of ON stock opened at $47.01 on Thursday. On Holding AG has a one year low of $29.84 and a one year high of $64.05. The company has a market cap of $29.60 billion, a PE ratio of 109.33, a P/E/G ratio of 1.02 and a beta of 2.35. The business has a 50-day simple moving average of $53.63 and a 200-day simple moving average of $52.66.

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.