Birks Group (NYSEAMERICAN:BGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note issued to investors on Monday. The firm issued a sell rating on the stock.

Birks Group Trading Down 1.1 %

Birks Group stock opened at $2.52 on Monday. Birks Group has a 12 month low of $2.07 and a 12 month high of $5.56.

Institutional Investors Weigh In On Birks Group

A hedge fund recently raised its stake in Birks Group stock. Ingalls & Snyder LLC increased its holdings in shares of Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after buying an additional 7,000 shares during the period. Ingalls & Snyder LLC owned about 0.09% of Birks Group worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.22% of the company’s stock.

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.