Wealth & Pension Services Group Inc. cut its holdings in shares of 22nd Century Group Inc (NYSEAMERICAN:XXII) by 15.6% during the first quarter, HoldingsChannel.com reports. The firm owned 57,000 shares of the biotechnology company’s stock after selling 10,500 shares during the quarter. Wealth & Pension Services Group Inc.’s holdings in 22nd Century Group were worth $97,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of 22nd Century Group by 1.4% in the 4th quarter. BlackRock Inc. now owns 8,076,751 shares of the biotechnology company’s stock valued at $20,110,000 after acquiring an additional 113,917 shares during the period. ETF Managers Group LLC bought a new position in shares of 22nd Century Group during the 4th quarter worth approximately $12,108,000. Geode Capital Management LLC grew its stake in shares of 22nd Century Group by 13.5% during the 4th quarter. Geode Capital Management LLC now owns 1,166,476 shares of the biotechnology company’s stock worth $2,904,000 after acquiring an additional 139,131 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 22nd Century Group by 16.9% during the 4th quarter. Bank of New York Mellon Corp now owns 411,693 shares of the biotechnology company’s stock worth $1,025,000 after acquiring an additional 59,391 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of 22nd Century Group by 14.2% during the 3rd quarter. Teachers Advisors LLC now owns 254,210 shares of the biotechnology company’s stock worth $714,000 after acquiring an additional 31,537 shares in the last quarter.

Several research firms recently weighed in on XXII. Chardan Capital reissued a “buy” rating and issued a $11.50 target price on shares of 22nd Century Group in a research note on Friday, March 15th. TheStreet downgraded 22nd Century Group from a “c-” rating to a “d+” rating in a report on Friday, March 29th.

Shares of XXII traded up $0.01 during midday trading on Thursday, reaching $2.09. 373,202 shares of the stock were exchanged, compared to its average volume of 1,741,153. 22nd Century Group Inc has a twelve month low of $1.58 and a twelve month high of $3.29.

22nd Century Group (NYSEAMERICAN:XXII) last posted its earnings results on Tuesday, May 7th. The biotechnology company reported ($0.02) earnings per share for the quarter. The firm had revenue of $6.29 million during the quarter.

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About 22nd Century Group

22nd Century Group, Inc, a plant biotechnology company, provides technology that allows increasing or decreasing the level of nicotine and other nicotinic alkaloids in tobacco plants, and cannabinoids in hemp/cannabis plants through genetic engineering and plant breeding. It offers premium cigarettes under the RED SUN and MAGIC brands; and SPECTRUM research cigarettes for use in independent clinical studies.

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Institutional Ownership by Quarter for 22nd Century Group (NYSEAMERICAN:XXII)

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