American Century Companies Inc. Sells 42,680 Shares of BRP Inc. (NASDAQ:DOOO)

American Century Companies Inc. cut its stake in shares of BRP Inc. (NASDAQ:DOOO) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,455,297 shares of the company’s stock after selling 42,680 shares during the quarter. American Century Companies Inc.’s holdings in BRP were worth $74,052,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Quantbot Technologies LP raised its position in BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock worth $228,000 after buying an additional 337 shares during the last quarter. Signaturefd LLC grew its stake in shares of BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after acquiring an additional 903 shares during the period. Addenda Capital Inc. lifted its position in BRP by 10.5% during the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock valued at $678,000 after purchasing an additional 1,265 shares during the period. De Lisle Partners LLP boosted its holdings in BRP by 10.8% in the third quarter. De Lisle Partners LLP now owns 27,605 shares of the company’s stock worth $1,643,000 after purchasing an additional 2,697 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in BRP in the 3rd quarter worth approximately $161,000.

BRP Price Performance

NASDAQ DOOO opened at $35.54 on Wednesday. The business’s fifty day moving average is $43.56 and its 200 day moving average is $49.91. BRP Inc. has a fifty-two week low of $35.54 and a fifty-two week high of $75.59. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The company has a market capitalization of $2.59 billion, a PE ratio of 18.90 and a beta of 2.03.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut BRP from a “neutral” rating to a “sell” rating and lowered their price target for the company from $48.00 to $29.00 in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.80.

BRP Profile

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.