Sage Capital Advisors llc Purchases 201 Shares of On Holding AG (NYSE:ONON)

Sage Capital Advisors llc boosted its holdings in shares of On Holding AG (NYSE:ONON) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,060 shares of the company’s stock after acquiring an additional 201 shares during the period. ON comprises about 1.4% of Sage Capital Advisors llc’s portfolio, making the stock its 22nd largest position. Sage Capital Advisors llc’s holdings in ON were worth $5,480,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. 1832 Asset Management L.P. lifted its position in ON by 66,838.9% during the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock valued at $93,500,000 after acquiring an additional 2,406,200 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of ON by 100.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock worth $49,716,000 after purchasing an additional 642,894 shares in the last quarter. Fred Alger Management LLC grew its stake in ON by 22.8% during the 2nd quarter. Fred Alger Management LLC now owns 1,152,941 shares of the company’s stock worth $44,734,000 after buying an additional 213,815 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in ON in the second quarter valued at about $27,975,000. Finally, Cerity Partners LLC boosted its holdings in ON by 189.9% in the third quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock worth $36,083,000 after acquiring an additional 471,323 shares in the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

Shares of ONON traded up $1.33 during trading hours on Friday, hitting $56.87. 1,661,502 shares of the stock were exchanged, compared to its average volume of 2,470,509. The stock’s 50-day moving average price is $55.10 and its two-hundred day moving average price is $48.02. The company has a market cap of $35.81 billion, a price-to-earnings ratio of 132.26 and a beta of 2.30. On Holding AG has a 12-month low of $26.03 and a 12-month high of $60.12.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ONON shares. Robert W. Baird increased their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Williams Trading raised ON from a “hold” rating to a “buy” rating and upped their target price for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Bank of America started coverage on ON in a research report on Tuesday. They set a “buy” rating and a $73.00 price target for the company. The Goldman Sachs Group increased their price objective on ON from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC began coverage on ON in a report on Friday, November 22nd. They set a “buy” rating and a $64.00 target price for the company. Four analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.86.

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.