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

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

Birks Group Price Performance

Shares of BGI opened at $2.50 on Tuesday. Birks Group has a 1 year low of $2.07 and a 1 year high of $5.56.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Birks Group stock. Ingalls & Snyder LLC lifted its holdings in Birks Group Inc. (NYSEAMERICAN:BGIFree Report) by 70.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Ingalls & Snyder LLC owned 0.09% of Birks Group worth $80,000 at the end of the most recent quarter. 0.22% of the stock is currently owned by institutional investors and hedge funds.

About Birks Group

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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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