On Holding AG (NYSE:ONON) Shares Bought by Sage Capital Advisors llc

Sage Capital Advisors llc grew its position in On Holding AG (NYSE:ONON) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,859 shares of the company’s stock after purchasing an additional 328 shares during the period. ON makes up approximately 1.3% of Sage Capital Advisors llc’s holdings, making the stock its 25th largest holding. Sage Capital Advisors llc’s holdings in ON were worth $5,008,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ONON. Blue Zone Wealth Advisors LLC acquired a new stake in ON in the 3rd quarter valued at $223,000. Park Avenue Securities LLC boosted its stake in shares of ON by 19.5% in the third quarter. Park Avenue Securities LLC now owns 13,441 shares of the company’s stock valued at $674,000 after purchasing an additional 2,194 shares during the period. Norman Fields Gottscho Capital Management LLC increased its holdings in ON by 0.6% during the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 186,705 shares of the company’s stock worth $9,363,000 after purchasing an additional 1,100 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of ON during the 2nd quarter valued at approximately $1,108,000. Finally, Coronation Fund Managers Ltd. grew its position in shares of ON by 248.6% during the second quarter. Coronation Fund Managers Ltd. now owns 154,903 shares of the company’s stock worth $6,010,000 after buying an additional 110,467 shares in the last quarter. Hedge funds and other institutional investors own 33.11% of the company’s stock.

ON Price Performance

ONON stock opened at $51.74 on Wednesday. The company’s 50 day simple moving average is $45.71 and its 200-day simple moving average is $40.07. On Holding AG has a 52-week low of $23.41 and a 52-week high of $52.62. The firm has a market capitalization of $32.58 billion, a P/E ratio of 117.59, a P/E/G ratio of 1.22 and a beta of 2.24.

ON (NYSE:ONON) last issued its earnings results on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $627.66 million during the quarter, compared to analyst estimates of $634.43 million. ON had a return on equity of 13.02% and a net margin of 7.42%. Sell-side analysts predict that On Holding AG will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONON has been the subject of several recent analyst reports. Hsbc Global Res raised shares of ON to a “hold” rating in a report on Thursday, September 5th. KeyCorp boosted their price objective on shares of ON from $47.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Morgan Stanley upped their price objective on ON from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. HSBC initiated coverage on shares of ON in a report on Thursday, September 5th. They set a “hold” rating and a $52.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ON from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, ON presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.90.

ON Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.