Candriam Luxembourg S.C.A. acquired a new stake in Sierra Oncology Inc (NASDAQ:SRRA) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 600,000 shares of the biotechnology company’s stock, valued at approximately $2,238,000. Candriam Luxembourg S.C.A. owned approximately 1.15% of Sierra Oncology at the end of the most recent quarter.
Separately, Acadian Asset Management LLC grew its stake in Sierra Oncology by 112.3% in the 4th quarter. Acadian Asset Management LLC now owns 32,437 shares of the biotechnology company’s stock valued at $121,000 after buying an additional 17,161 shares in the last quarter. 60.32% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on SRRA shares. Jefferies Group upgraded shares of Sierra Oncology from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered shares of Sierra Oncology from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Sierra Oncology currently has a consensus rating of “Hold” and an average target price of $4.00.
Sierra Oncology Inc (SRRA) opened at $2.90 on Tuesday. Sierra Oncology Inc has a one year low of $1.10 and a one year high of $4.09. The firm has a market cap of $151.66 and a P/E ratio of -3.05.
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Sierra Oncology Profile
Sierra Oncology, Inc, formerly ProNAi Therapeutics, Inc, is a clinical-stage drug development company. The Company’s lead drug candidate, SRA737, is orally bioavailable small molecule inhibitor of Checkpoint kinase 1 (Chk1), a key cell cycle checkpoint and central regulator of the deoxyribonucleic acid (DNA) Damage Response (DDR) network.
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