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

StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the stock.

Birks Group Price Performance

NYSEAMERICAN:BGI opened at $2.51 on Thursday. Birks Group has a 52-week low of $2.34 and a 52-week high of $10.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Birks Group stock. Ingalls & Snyder LLC grew its stake in Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after buying an additional 7,000 shares during the period. Ingalls & Snyder LLC owned approximately 0.09% of Birks Group worth $80,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.

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.