StockNews.com initiated coverage on shares of Birks Group (NYSEAMERICAN:BGI – Get Free Report) in a research note issued on Wednesday. The brokerage set a “sell” rating on the stock.
Birks Group Trading Down 2.6 %
NYSEAMERICAN BGI opened at $2.48 on Wednesday. Birks Group has a 12-month low of $2.25 and a 12-month high of $10.02.
Institutional Investors Weigh In On Birks Group
A hedge fund recently bought a new stake in Birks Group stock. Ingalls & Snyder LLC acquired a new stake in shares of Birks Group Inc. (NYSEAMERICAN:BGI – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $45,000. Ingalls & Snyder LLC owned about 0.05% of Birks Group at the end of the most recent reporting period. 0.22% of the stock is currently 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.
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