Atria Investments Inc Has $302,000 Stake in On Holding AG (NYSE:ONON)

Atria Investments Inc lifted its holdings in shares of On Holding AG (NYSE:ONON) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,515 shares of the company’s stock after buying an additional 341 shares during the period. Atria Investments Inc’s holdings in ON were worth $302,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA bought a new stake in ON during the third quarter worth $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of ON during the 3rd quarter worth about $29,000. Strategic Financial Concepts LLC bought a new stake in shares of ON in the 4th quarter valued at about $30,000. Legacy Bridge LLC bought a new stake in shares of ON in the 4th quarter valued at about $43,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in ON in the 4th quarter valued at about $53,000. Institutional investors own 36.39% of the company’s stock.

ON Trading Up 3.5 %

Shares of NYSE:ONON opened at $48.07 on Tuesday. The firm has a 50 day moving average of $53.94 and a 200-day moving average of $52.66. On Holding AG has a 12 month low of $29.84 and a 12 month high of $64.05. The stock has a market capitalization of $30.26 billion, a PE ratio of 111.78, a PEG ratio of 1.02 and a beta of 2.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ONON. UBS Group raised their price objective on ON from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Bank of America initiated coverage on shares of ON in a research report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective for the company. Citigroup initiated coverage on shares of ON in a research report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price objective on the stock. Williams Trading lifted their target price on shares of ON from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, HSBC raised shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $61.90.

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.