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

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

Birks Group Stock Performance

Shares of NYSEAMERICAN BGI opened at $2.70 on Friday. Birks Group has a 12 month low of $2.40 and a 12 month high of $10.02.

Institutional Investors Weigh In On Birks Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of Birks Group during the 1st quarter worth about $26,000. Ingalls & Snyder LLC purchased a new stake in shares of Birks Group during the 3rd quarter worth about $45,000. Finally, Renaissance Technologies LLC raised its stake in shares of Birks Group by 45.8% during the 3rd 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. 0.22% of the stock is owned by hedge funds and other 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.