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

StockNews.com initiated coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a report published on Sunday morning. The brokerage issued a sell rating on the stock.

Birks Group Trading Up 4.2 %

Shares of BGI opened at $2.83 on Friday. Birks Group has a twelve month low of $2.40 and a twelve month high of $10.02.

Hedge Funds Weigh In On Birks Group

Several hedge funds and other institutional investors have recently bought and sold shares of BGI. Bank of America Corp DE acquired a new position in shares of Birks Group in the 1st quarter valued at about $26,000. Renaissance Technologies LLC lifted 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 valued at $155,000 after acquiring an additional 9,300 shares during the period. Finally, Ingalls & Snyder LLC purchased a new stake in Birks Group in the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

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.