On Holding AG (NYSE:ONON) Shares Sold by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. lessened its stake in On Holding AG (NYSE:ONON) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,613 shares of the company’s stock after selling 2,738 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in ON were worth $15,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ONON. Blue Trust Inc. boosted its position in ON by 319.8% during 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. MidAtlantic Capital Management Inc. purchased a new stake in ON during the 3rd quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the period. Quarry LP purchased a new stake in ON during the 2nd quarter worth $32,000. Finally, MFA Wealth Advisors LLC purchased a new stake in ON during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Stock Up 3.5 %

Shares of NYSE:ONON opened at $58.13 on Friday. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $58.51. The firm has a 50-day simple moving average of $50.34 and a 200 day simple moving average of $43.94. The company has a market cap of $36.60 billion, a PE ratio of 135.19 and a beta of 2.25.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of recent analyst reports. HSBC initiated coverage on shares of ON in a report on Thursday, September 5th. They issued a “hold” rating and a $52.00 price objective on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $53.00 price objective on shares of ON in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on shares of ON from $45.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. KeyCorp boosted their price objective on shares of ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Finally, Barclays boosted their price objective on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Four investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $56.05.

About ON

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.