Mitchell Capital Management Co. Sells 7,365 Shares of On Holding AG $ONON

Mitchell Capital Management Co. decreased its holdings in shares of On Holding AG (NYSE:ONON) by 17.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,454 shares of the company’s stock after selling 7,365 shares during the quarter. Mitchell Capital Management Co.’s holdings in ON were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC raised its holdings in ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 315 shares during the period. Montag A & Associates Inc. bought a new stake in ON during the 1st quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in ON by 3,392.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock valued at $42,000 after acquiring an additional 916 shares during the period. Ramirez Asset Management Inc. bought a new stake in ON during the 1st quarter valued at $44,000. Finally, MorganRosel Wealth Management LLC bought a new stake in ON during the 1st quarter valued at $48,000. Institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of ON from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Jefferies Financial Group set a $40.00 price objective on ON and gave the company an “underperform” rating in a research note on Wednesday, August 13th. UBS Group boosted their target price on ON from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Barclays boosted their target price on ON from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of ON in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.20.

ON Stock Down 3.2%

Shares of NYSE:ONON opened at $41.93 on Monday. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The firm has a fifty day moving average of $44.61 and a 200 day moving average of $48.72. The firm has a market capitalization of $26.40 billion, a PE ratio of 93.18, a price-to-earnings-growth ratio of 5.20 and a beta of 2.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.