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

American Century Companies Inc. lessened its position in BRP Inc. (NASDAQ:DOOO) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,455,297 shares of the company’s stock after selling 42,680 shares during the period. American Century Companies Inc. owned 1.99% of BRP worth $74,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DOOO. Intech Investment Management LLC raised its holdings in shares of BRP by 706.1% during the third quarter. Intech Investment Management LLC now owns 26,318 shares of the company’s stock valued at $1,568,000 after acquiring an additional 23,053 shares in the last quarter. DRW Securities LLC bought a new position in BRP in the 3rd quarter worth $161,000. The Manufacturers Life Insurance Company lifted its position in shares of BRP by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock worth $73,027,000 after purchasing an additional 150,039 shares during the period. Quantbot Technologies LP boosted its stake in shares of 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 purchasing an additional 337 shares in the last quarter. Finally, De Lisle Partners LLP boosted its stake in shares of BRP by 10.8% during the 3rd quarter. De Lisle Partners LLP now owns 27,605 shares of the company’s stock valued at $1,643,000 after purchasing an additional 2,697 shares in the last quarter.

Analyst Ratings Changes

Separately, Citigroup lowered shares of BRP from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $48.00 to $29.00 in a 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 company’s stock. According to MarketBeat, BRP presently has an average rating of “Hold” and a consensus price target of $87.80.

BRP Stock Down 6.7 %

Shares of BRP stock opened at $35.54 on Wednesday. BRP Inc. has a 1 year low of $35.54 and a 1 year 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 50-day moving average of $43.56 and a 200 day moving average of $49.91. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 18.90 and a beta of 2.03.

BRP Company 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.