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

StockNews.com initiated coverage on shares of Birks Group (NYSEAMERICAN:BGIFree Report) in a research report released on Wednesday morning. The firm issued a sell rating on the stock.

Birks Group Stock Performance

Shares of BGI opened at $2.84 on Wednesday. Birks Group has a fifty-two week low of $2.40 and a fifty-two week high of $10.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BGI. Bank of America Corp DE purchased a new stake in shares of Birks Group during the first quarter valued at $26,000. Ingalls & Snyder LLC boosted its stake in shares of Birks Group by 70.0% during the fourth quarter. Ingalls & Snyder LLC now owns 17,000 shares of the company’s stock valued at $80,000 after purchasing an additional 7,000 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Birks Group by 45.8% during the third quarter. Renaissance Technologies LLC now owns 29,600 shares of the company’s stock valued at $155,000 after purchasing an additional 9,300 shares during the period. 0.22% of the stock is owned by hedge funds and other institutional investors.

Birks Group Company Profile

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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.

Further Reading

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