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

Equities research analysts at StockNews.com began coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note issued on Monday. The firm set a “sell” rating on the stock.

Birks Group Stock Up 0.7 %

BGI opened at $2.61 on Monday. Birks Group has a twelve month low of $2.07 and a twelve 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 grew its stake in Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.09% of Birks Group worth $80,000 as of its most recent filing with the SEC. 0.22% of the stock is owned by institutional investors.

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.