Y Intercept Hong Kong Ltd Has $1.12 Million Position in On Holding AG (NYSE:ONON)

Y Intercept Hong Kong Ltd decreased its holdings in shares of On Holding AG (NYSE:ONON) by 75.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,502 shares of the company’s stock after selling 63,149 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ON were worth $1,123,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Inc. OK raised its holdings in shares of ON by 3.2% in the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock worth $350,000 after acquiring an additional 200 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after purchasing an additional 259 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of ON by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company’s stock worth $586,000 after purchasing an additional 373 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted 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 in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after buying an additional 403 shares during the last quarter. 36.39% of the stock is owned by institutional investors.

ON Trading Up 2.9 %

Shares of ONON stock opened at $49.82 on Thursday. On Holding AG has a 12 month low of $27.37 and a 12 month high of $64.05. The stock has a market capitalization of $31.37 billion, a P/E ratio of 115.87, a PEG ratio of 1.02 and a beta of 2.30. The firm’s 50 day moving average is $55.92 and its 200 day moving average is $52.23.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ONON. Bank of America initiated coverage on ON in a research report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price target for the company. Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $58.00 to $63.00 in a report on Thursday, November 21st. The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Wednesday, February 12th. KeyCorp increased their price objective on shares of ON from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $64.00 target price on shares of ON in a research note on Wednesday, January 15th. Five research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.73.

ON Company 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.