Carl P. Sherr & Co. LLC Sells 300 Shares of On Holding AG (NYSE:ONON)

Carl P. Sherr & Co. LLC trimmed its stake in On Holding AG (NYSE:ONON) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 8,600 shares of the company’s stock after selling 300 shares during the period. Carl P. Sherr & Co. LLC’s holdings in ON were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its stake in shares of ON by 66,838.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company’s stock valued at $93,500,000 after buying an additional 2,406,200 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of ON by 574.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company’s stock valued at $59,878,000 after buying an additional 1,315,006 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of ON during the 2nd quarter valued at approximately $43,456,000. Renaissance Technologies LLC purchased a new stake in shares of ON during the 2nd quarter valued at approximately $27,975,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of ON by 100.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock valued at $49,716,000 after buying an additional 642,894 shares in the last quarter. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

ON Stock Down 0.1 %

Shares of ON stock opened at $57.90 on Friday. The firm has a market cap of $36.46 billion, a PE ratio of 134.65 and a beta of 2.25. On Holding AG has a 12-month low of $25.78 and a 12-month high of $59.19. The company’s fifty day simple moving average is $50.99 and its two-hundred day simple moving average is $44.65.

Wall Street Analyst Weigh In

A number of analysts recently commented on ONON shares. Telsey Advisory Group restated an “outperform” rating and set a $53.00 price target on shares of ON in a research note on Tuesday, November 12th. TD Cowen increased their target price on shares of ON from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. HSBC started coverage on shares of ON in a research note on Thursday, September 5th. They issued a “hold” rating and a $52.00 target price on the stock. Barclays increased their target price on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI upgraded shares of ON to an “overweight” rating and increased their target price for the stock from $43.00 to $47.00 in a research note on Monday, August 12th. Four investment 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.05.

ON Company 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.