Birks Group (NYSEAMERICAN:BGI) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research report issued on Thursday. The firm set a “sell” rating on the stock.

Birks Group Stock Performance

Shares of BGI stock opened at $2.51 on Thursday. Birks Group has a 1 year low of $2.34 and a 1 year high of $10.02.

Institutional Investors Weigh In On Birks Group

A hedge fund recently raised its stake in Birks Group stock. Ingalls & Snyder LLC raised its holdings in shares of Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.09% of Birks Group worth $80,000 at the end of the most recent quarter. 0.22% of the stock is currently owned by institutional investors and hedge funds.

About Birks Group

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.