BRP Inc. (NASDAQ:DOOO) Stake Lowered by Amundi

Amundi reduced its stake in shares of BRP Inc. (NASDAQ:DOOO) by 92.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,412 shares of the company’s stock after selling 17,514 shares during the period. Amundi’s holdings in BRP were worth $72,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DOOO. DRW Securities LLC bought a new stake in BRP in the third quarter worth $161,000. Public Employees Retirement System of Ohio bought a new stake in BRP in the third quarter worth $178,000. Quantbot Technologies LP boosted its holdings in BRP by 9.7% in the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock worth $228,000 after purchasing an additional 337 shares in the last quarter. Addenda Capital Inc. boosted its holdings in BRP by 10.5% in the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock worth $678,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in BRP in the fourth quarter worth $916,000.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of BRP from a “neutral” rating to a “sell” rating and decreased their price target for the company from $48.00 to $29.00 in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.80.

BRP Stock Down 1.5 %

Shares of DOOO opened at $36.65 on Friday. The company has a 50-day simple moving average of $44.18 and a 200-day simple moving average of $50.43. The firm has a market capitalization of $2.68 billion, a P/E ratio of 19.49 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP Inc. has a 52 week low of $36.27 and a 52 week high of $75.59.

About BRP

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.