Acadian Asset Management LLC raised its holdings in Sierra Oncology Inc (NASDAQ:SRRA) by 112.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,437 shares of the biotechnology company’s stock after acquiring an additional 17,161 shares during the quarter. Acadian Asset Management LLC owned about 0.06% of Sierra Oncology worth $121,000 as of its most recent SEC filing.
SRRA has been the topic of a number of recent research reports. Jefferies Group raised shares of Sierra Oncology from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Sierra Oncology from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.00.
Sierra Oncology Inc (SRRA) opened at $2.86 on Friday. Sierra Oncology Inc has a 52 week low of $1.10 and a 52 week high of $4.09. The stock has a market cap of $154.27 and a P/E ratio of -3.01.
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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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