ON Target of Unusually High Options Trading (NYSE:ONON)

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On Holding AG (NYSE:ONONGet Rating) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 10,227 put options on the stock. This is an increase of 191% compared to the typical daily volume of 3,510 put options.

Institutional Investors Weigh In On ON

A number of institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its position in shares of ON by 24.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,988 shares of the company’s stock valued at $114,000 after acquiring an additional 579 shares during the period. First Dallas Securities Inc. lifted its stake in ON by 6.1% in the 2nd quarter. First Dallas Securities Inc. now owns 17,400 shares of the company’s stock valued at $308,000 after buying an additional 1,000 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in ON by 0.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 107,625 shares of the company’s stock valued at $1,903,000 after buying an additional 1,000 shares in the last quarter. Titleist Asset Management LTD. lifted its stake in ON by 8.3% in the 1st quarter. Titleist Asset Management LTD. now owns 16,714 shares of the company’s stock valued at $422,000 after buying an additional 1,282 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in ON in the 2nd quarter valued at about $28,000. 17.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of ON from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. Stifel Nicolaus boosted their price objective on shares of ON from $28.00 to $31.00 in a report on Tuesday, August 16th. Piper Sandler reissued an “initiates” rating on shares of ON in a report on Tuesday, July 26th. BNP Paribas assumed coverage on shares of ON in a report on Wednesday. They set an “outperform” rating on the stock. Finally, UBS Group boosted their price objective on shares of ON from $25.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.08.

ON Stock Up 0.1 %

NYSE:ONON opened at $17.74 on Thursday. ON has a 52 week low of $16.16 and a 52 week high of $55.87. The stock has a market capitalization of $11.04 billion and a PE ratio of -43.27. The stock’s 50-day moving average price is $20.68 and its 200-day moving average price is $21.47.

ON Company Profile

(Get Rating)

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

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