Zevenbergen Capital Investments Has Lifted First Republic Bank (FRC) Holding By $7.02 Million; 22nd Century Group (NYSEAMERICAN:XXII) Sellers Increased By 8.91% Their Shorts

February 15, 2018 - By Migdalia James

Zevenbergen Capital Investments Llc increased First Republic Bank (FRC) stake by 16.94% reported in 2017Q3 SEC filing. Zevenbergen Capital Investments Llc acquired 67,518 shares as First Republic Bank (FRC)’s stock declined 5.64%. The Zevenbergen Capital Investments Llc holds 466,029 shares with $48.68M value, up from 398,511 last quarter. First Republic Bank now has $15.30B valuation. The stock decreased 0.59% or $0.56 during the last trading session, reaching $94.59. About 1.22 million shares traded. First Republic Bank (NYSE:FRC) has risen 29.07% since February 15, 2017 and is uptrending. It has outperformed by 12.37% the S&P500.

22nd Century Group Incorporated (NYSEAMERICAN:XXII) had an increase of 8.91% in short interest. XXII’s SI was 9.25 million shares in February as released by FINRA. Its up 8.91% from 8.49 million shares previously. With 2.01M avg volume, 5 days are for 22nd Century Group Incorporated (NYSEAMERICAN:XXII)’s short sellers to cover XXII’s short positions. The stock increased 5.35% or $0.155 during the last trading session, reaching $3.055. About 3.98 million shares traded or 1.71% up from the average. 22nd Century Group, Inc. (NYSEAMERICAN:XXII) has risen 72.44% since February 15, 2017 and is uptrending. It has outperformed by 55.74% the S&P500.

Among 18 analysts covering First Republic Bank (NYSE:FRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. First Republic Bank had 77 analyst reports since October 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of FRC in report on Thursday, September 28 with “Hold” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, March 10. The company was maintained on Friday, October 14 by Wood. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 16. Piper Jaffray maintained it with “Hold” rating and $99.0 target in Friday, September 1 report. The firm has “Hold” rating given on Tuesday, January 2 by Barclays Capital. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm earned “Hold” rating on Friday, July 7 by RBC Capital Markets. The rating was maintained by Jefferies on Friday, September 15 with “Buy”. The firm has “Buy” rating by Maxim Group given on Friday, October 13.

Zevenbergen Capital Investments Llc decreased Monolithic Power Systems Inc. (NASDAQ:MPWR) stake by 31,865 shares to 626,170 valued at $66.72M in 2017Q3. It also reduced Servicenow Inc. (NYSE:NOW) stake by 44,264 shares and now owns 469,975 shares. Xpo Logistics Inc. (NYSE:XPO) was reduced too.

Since September 29, 2017, it had 0 buys, and 1 insider sale for $133,275 activity. Moynihan Michael Robert also sold $133,275 worth of 22nd Century Group, Inc. (NYSEAMERICAN:XXII) on Friday, September 29.

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