O Shaughnessy Asset Management LLC acquired a new stake in shares of BRP Inc (NASDAQ:DOOO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 638,731 shares of the company’s stock, valued at approximately $29,655,000. O Shaughnessy Asset Management LLC owned 0.66% of BRP at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. CLARET ASSET MANAGEMENT Corp purchased a new stake in shares of BRP in the third quarter worth approximately $300,000. ARP Americas LP purchased a new stake in shares of BRP in the third quarter worth approximately $320,000. Signition LP purchased a new stake in shares of BRP in the third quarter worth approximately $567,000. CIBC Asset Management Inc purchased a new stake in shares of BRP in the third quarter worth approximately $877,000. Finally, Bank of Montreal Can purchased a new stake in shares of BRP in the third quarter worth approximately $39,716,000. Institutional investors and hedge funds own 1.14% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Desjardins reiterated a “buy” rating on shares of BRP in a report on Tuesday, October 9th. National Bank Financial upgraded BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Tuesday, October 9th. Royal Bank of Canada upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Tuesday, October 9th. Robert W. Baird assumed coverage on BRP in a research note on Tuesday, October 9th. They issued an “outperform” rating on the stock. Finally, UBS Group assumed coverage on BRP in a research note on Tuesday, October 9th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating, BRP presently has an average rating of “Buy”.
Shares of NASDAQ:DOOO opened at $38.54 on Friday. BRP Inc has a 52-week low of $33.58 and a 52-week high of $55.41.
ILLEGAL ACTIVITY NOTICE: “O Shaughnessy Asset Management LLC Acquires New Stake in BRP Inc (DOOO)” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/11/10/o-shaughnessy-asset-management-llc-acquires-new-stake-in-brp-inc-dooo.html.
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
Read More: Fundamental Analysis and Choosing Stocks
Want to see what other hedge funds are holding DOOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRP Inc (NASDAQ:DOOO).
Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.