Connor Clark & Lunn Investment Management Ltd. cut its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,276 shares of the company's stock after selling 284,702 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of BRP worth $6,169,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of BRP by 350.0% during the 3rd quarter. US Bancorp DE now owns 414 shares of the company's stock worth $25,000 after purchasing an additional 322 shares during the period. DRW Securities LLC bought a new stake in BRP during the 3rd quarter valued at about $161,000. Public Employees Retirement System of Ohio bought a new stake in BRP during the 3rd quarter valued at about $178,000. Quantbot Technologies LP lifted its holdings in BRP by 9.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock valued at $228,000 after buying an additional 337 shares in the last quarter. Finally, Addenda Capital Inc. lifted its holdings in BRP by 10.5% during the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock valued at $678,000 after buying an additional 1,265 shares in the last quarter.
BRP Stock Down 1.0 %
Shares of NASDAQ:DOOO traded down $0.38 during trading hours on Wednesday, hitting $38.73. The company's stock had a trading volume of 111,023 shares, compared to its average volume of 139,665. BRP Inc. has a 52 week low of $36.63 and a 52 week high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 20.60 and a beta of 2.03. The firm's fifty day moving average price is $44.99 and its 200 day moving average price is $50.99.
Wall Street Analyst Weigh In
Separately, Citigroup lowered shares of BRP from a "buy" rating to a "neutral" rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $97.00.
View Our Latest Analysis on DOOO
BRP Profile
(
Free Report)
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.
Further Reading
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