Atria Investments Inc Sells 1,463 Shares of On Holding AG (NYSE:ONON)

Atria Investments Inc reduced its position in On Holding AG (NYSE:ONON) by 22.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,174 shares of the company’s stock after selling 1,463 shares during the quarter. Atria Investments Inc’s holdings in ON were worth $259,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ONON. Blue Trust Inc. raised its position in ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after buying an additional 400 shares during the period. Quarry LP bought a new position in shares of ON during the second quarter valued at about $32,000. MFA Wealth Advisors LLC purchased a new position in shares of ON in the third quarter worth about $50,000. Finally, nVerses Capital LLC bought a new stake in shares of ON in the 3rd quarter valued at about $65,000. 33.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ONON shares. Evercore ISI upgraded ON to an “overweight” rating and raised their price target for the stock from $43.00 to $47.00 in a research report on Monday, August 12th. KeyCorp raised their target price on shares of ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Barclays upped their price target on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Robert W. Baird increased their price target 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. Finally, Bank of America upgraded shares of ON from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $55.00 in a research report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.05.

ON Price Performance

Shares of NYSE ONON opened at $58.13 on Friday. On Holding AG has a 1 year low of $25.78 and a 1 year high of $58.51. The firm has a 50-day moving average of $50.34 and a 200 day moving average of $43.94. The stock has a market cap of $36.60 billion, a P/E ratio of 135.19 and a beta of 2.25.

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.