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

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

Birks Group Price Performance

Shares of Birks Group stock opened at $3.34 on Wednesday. Birks Group has a 52 week low of $2.40 and a 52 week high of $10.02.

Hedge Funds Weigh In On Birks Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in Birks Group in the first quarter worth $26,000. Ingalls & Snyder LLC raised its holdings in Birks Group by 70.0% in the fourth quarter. Ingalls & Snyder LLC now owns 17,000 shares of the company’s stock worth $80,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Birks Group by 45.8% in the third quarter. Renaissance Technologies LLC now owns 29,600 shares of the company’s stock worth $155,000 after purchasing an additional 9,300 shares in the last quarter. 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.