BRP Inc. (NASDAQ:DOOO) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in BRP Inc. (NASDAQ:DOOO) by 296.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,208 shares of the company’s stock after acquiring an additional 903 shares during the quarter. Signaturefd LLC’s holdings in BRP were worth $61,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP grew its stake in BRP by 9.7% during the 3rd 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. grew its position in shares of BRP by 10.5% during the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock worth $678,000 after buying an additional 1,265 shares in the last quarter. De Lisle Partners LLP increased its stake in shares of BRP by 10.8% during the third quarter. De Lisle Partners LLP now owns 27,605 shares of the company’s stock worth $1,643,000 after buying an additional 2,697 shares during the period. DRW Securities LLC purchased a new stake in shares of BRP during the third quarter worth approximately $161,000. Finally, Intact Investment Management Inc. acquired a new stake in BRP in the fourth quarter valued at approximately $148,000.

BRP Stock Performance

Shares of DOOO opened at $38.10 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP Inc. has a 52-week low of $36.27 and a 52-week high of $75.59. The stock has a 50 day moving average price of $43.91 and a 200 day moving average price of $50.10. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 20.27 and a beta of 2.03.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $48.00 to $29.00 in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.80.

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.