Birks Group (NYSEAMERICAN:BGI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research report report published on Tuesday. The firm issued a sell rating on the stock.

Birks Group Stock Performance

BGI stock opened at $3.47 on Tuesday. The firm has a 50 day moving average of $8.20. Birks Group has a twelve month low of $2.78 and a twelve month high of $10.02.

Hedge Funds Weigh In On Birks Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BGI. Bank of America Corp DE purchased a new position in shares of Birks Group during the first quarter valued at approximately $26,000. Virtu Financial LLC bought a new stake in shares of Birks Group in the first quarter worth about $144,000. Finally, Renaissance Technologies LLC boosted its position in shares of Birks Group by 45.8% during the 3rd quarter. Renaissance Technologies LLC now owns 29,600 shares of the company’s stock valued at $155,000 after acquiring an additional 9,300 shares during the last quarter. Institutional investors own 0.71% 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.