Birks Group (NYSEAMERICAN:BGI) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

Birks Group Stock Performance

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

Institutional Trading of Birks Group

A number of hedge funds and other institutional investors have recently modified their holdings of BGI. Bank of America Corp DE acquired a new stake in shares of Birks Group during the 1st quarter worth about $26,000. Ingalls & Snyder LLC acquired a new position in Birks Group in the 3rd quarter valued at about $45,000. Finally, Renaissance Technologies LLC grew its position in Birks Group by 45.8% in the 3rd 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 in the last quarter. 0.22% of the stock is 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.