Aviso Financial Inc. Cuts Stock Position in BRP Inc. (NASDAQ:DOOO)

Aviso Financial Inc. trimmed its holdings in BRP Inc. (NASDAQ:DOOO) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,368 shares of the company’s stock after selling 542 shares during the period. Aviso Financial Inc.’s holdings in BRP were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DOOO. US Bancorp DE increased its holdings in BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after acquiring an additional 322 shares during the last quarter. DRW Securities LLC bought a new stake in shares of BRP in the third quarter worth about $161,000. Public Employees Retirement System of Ohio bought a new stake in shares of BRP in the third quarter worth about $178,000. Quantbot Technologies LP boosted its stake in BRP by 9.7% during the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after buying an additional 337 shares during the last quarter. Finally, Vestcor Inc grew its holdings in BRP by 285.9% during the 4th quarter. Vestcor Inc now owns 13,090 shares of the company’s stock valued at $666,000 after buying an additional 9,698 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded BRP from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.00.

BRP Price Performance

NASDAQ:DOOO opened at $38.51 on Friday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 20.48 and a beta of 2.03. 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 business has a 50 day simple moving average of $45.78 and a 200-day simple moving average of $51.95. BRP Inc. has a 1 year low of $36.63 and a 1 year 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.