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

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

Birks Group Trading Down 1.5 %

Shares of BGI traded down $0.04 during trading hours on Thursday, hitting $2.51. 3,905 shares of the stock were exchanged, compared to its average volume of 11,867. Birks Group has a 12-month low of $2.34 and a 12-month high of $10.02.

Hedge Funds Weigh In On Birks Group

An institutional investor recently bought a new position in Birks Group stock. Ingalls & Snyder LLC bought a new stake in Birks Group Inc. (NYSEAMERICAN:BGI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $45,000. Ingalls & Snyder LLC owned approximately 0.05% of Birks Group as of its most recent SEC filing. 0.22% of the stock is owned by hedge funds and other institutional investors.

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.