StockNews.com began coverage on shares of Birks Group (NYSEAMERICAN:BGI - Free Report) in a research note published on Sunday. The firm issued a sell rating on the stock.
Birks Group Stock Performance
BGI remained flat at $2.90 during trading hours on Friday. The company had a trading volume of 4,483 shares, compared to its average volume of 19,048. Birks Group has a 52-week low of $2.40 and a 52-week high of $10.02.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BGI. Renaissance Technologies LLC boosted its stake in Birks Group by 344.8% during the first quarter. Renaissance Technologies LLC now owns 86,300 shares of the company's stock valued at $700,000 after buying an additional 66,900 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in Birks Group by 70.0% during the fourth quarter. Ingalls & Snyder LLC now owns 17,000 shares of the company's stock valued at $80,000 after buying an additional 7,000 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Birks Group during the first quarter valued at about $26,000. 0.22% of the stock is owned by institutional investors and hedge funds.
Birks Group Company Profile
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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.
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