O Shaughnessy Asset Management LLC bought a new stake in shares of BRP Inc (NASDAQ:DOOO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 638,731 shares of the company’s stock, valued at approximately $29,655,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CLARET ASSET MANAGEMENT Corp bought a new stake in BRP during the 3rd quarter valued at $300,000. ARP Americas LP bought a new stake in BRP during the 3rd quarter valued at $320,000. Signition LP bought a new stake in BRP during the 3rd quarter valued at $567,000. CIBC Asset Management Inc bought a new stake in BRP during the 3rd quarter valued at $877,000. Finally, Bank of Montreal Can bought a new stake in BRP during the 3rd quarter valued at $39,716,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

BRP stock opened at $38.54 on Friday. BRP Inc has a 1-year low of $33.58 and a 1-year high of $55.41.

DOOO has been the topic of several recent research reports. Desjardins reaffirmed a “buy” rating on shares of BRP in a research report on Tuesday, October 9th. UBS Group initiated coverage on BRP in a research report on Tuesday, October 9th. They issued a “buy” rating for the company. Robert W. Baird initiated coverage on BRP in a research report on Tuesday, October 9th. They issued an “outperform” rating for the company. National Bank Financial raised BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada raised BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, October 9th. Four research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy”.

ILLEGAL ACTIVITY WARNING: “O Shaughnessy Asset Management LLC Takes $29.66 Million Position in BRP Inc (DOOO)” was originally reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/11/10/o-shaughnessy-asset-management-llc-takes-29-66-million-position-in-brp-inc-dooo.html.

About BRP

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.

Featured Story: Risk Tolerance

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).

Institutional Ownership by Quarter for BRP (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.