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

StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note released on Sunday. The brokerage issued a sell rating on the stock.

Birks Group Stock Up 0.4 %

Shares of BGI opened at $2.71 on Friday. 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BGI. Bank of America Corp DE acquired a new stake in shares of Birks Group in the first quarter valued at approximately $26,000. Renaissance Technologies LLC boosted its holdings in shares of Birks Group by 45.8% in the third quarter. Renaissance Technologies LLC now owns 29,600 shares of the company’s stock valued at $155,000 after acquiring an additional 9,300 shares during the period. Finally, Ingalls & Snyder LLC acquired a new stake in shares of Birks Group in the third quarter valued at approximately $45,000. 0.22% of the stock is owned by institutional investors and hedge funds.

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.