Norman Fields Gottscho Capital Management LLC Sells 5,860 Shares of On Holding AG (NYSE:ONON)

Norman Fields Gottscho Capital Management LLC cut its stake in shares of On Holding AG (NYSE:ONON) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,845 shares of the company’s stock after selling 5,860 shares during the period. ON makes up approximately 3.3% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in ON were worth $9,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new stake in ON in the third quarter worth $26,000. Blue Trust Inc. raised its stake 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 buying an additional 403 shares during the period. MidAtlantic Capital Management Inc. bought a new position in ON during the third quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the period. Finally, Quarry LP bought a new stake in shares of ON in the second quarter worth about $32,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

ON stock opened at $54.52 on Tuesday. The stock has a 50-day simple moving average of $54.70 and a 200 day simple moving average of $47.81. The stock has a market capitalization of $34.33 billion, a P/E ratio of 126.79 and a beta of 2.30. On Holding AG has a 52 week low of $26.03 and a 52 week high of $60.12.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ONON shares. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, November 13th. Piper Sandler lifted their price target on shares of ON from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their target price on ON from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.77.

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.