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

StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a report released on Monday. The brokerage issued a sell rating on the stock.

Birks Group Stock Performance

Shares of NYSEAMERICAN BGI opened at $2.59 on Monday. Birks Group has a fifty-two week low of $2.07 and a fifty-two week high of $5.56.

Hedge Funds Weigh In On Birks Group

A hedge fund recently raised its stake in Birks Group stock. Ingalls & Snyder LLC raised its stake in shares of Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,000 shares of the company’s stock after purchasing an additional 7,000 shares during the period. Ingalls & Snyder LLC owned 0.09% of Birks Group worth $80,000 at the end of the most recent quarter. 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.