StockNews.com Begins Coverage on Birks Group (NYSEAMERICAN:BGI)

Investment analysts at StockNews.com started coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

Birks Group Stock Performance

Shares of BGI stock opened at $2.90 on Friday. Birks Group has a 12-month low of $2.40 and a 12-month high of $10.02.

Institutional Investors Weigh In On Birks Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BGI. Bank of America Corp DE acquired a new position in Birks Group during the first quarter worth $26,000. Ingalls & Snyder LLC increased its stake in shares of Birks Group by 70.0% during the 4th quarter. Ingalls & Snyder LLC now owns 17,000 shares of the company’s stock worth $80,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Birks Group by 45.8% in the 3rd quarter. Renaissance Technologies LLC now owns 29,600 shares of the company’s stock valued at $155,000 after purchasing an additional 9,300 shares during the period. Institutional investors and hedge funds own 0.22% of the company’s stock.

Birks Group Company Profile

Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls.