BRP Inc. (NASDAQ:DOOO) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 70.1% in the fourth quarter, Holdings Channel reports. 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.’s holdings in BRP were worth $6,169,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in shares of BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after purchasing an additional 322 shares in the last quarter. Quantbot Technologies LP lifted its position 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 acquiring an additional 337 shares in the last quarter. Addenda Capital Inc. boosted its holdings in BRP by 10.5% in the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock worth $678,000 after acquiring an additional 1,265 shares during the period. De Lisle Partners LLP grew its position in BRP by 10.8% in the third quarter. De Lisle Partners LLP now owns 27,605 shares of the company’s stock valued at $1,643,000 after acquiring an additional 2,697 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of BRP during the third quarter valued at approximately $161,000.

BRP Stock Performance

BRP stock opened at $38.51 on Friday. BRP Inc. has a 52 week low of $36.63 and a 52 week high of $75.59. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The stock has a market cap of $2.81 billion, a P/E ratio of 20.48 and a beta of 2.03. The stock has a 50 day moving average of $45.53 and a 200-day moving average of $51.58.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of BRP from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BRP presently has an average rating of “Hold” and a consensus target price of $97.00.

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.