Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sierra Oncology (NASDAQ:SRRA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,678 shares of the biotechnology company’s stock, valued at approximately $144,000. Cambridge Investment Research Advisors Inc. owned 0.07% of Sierra Oncology as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Candriam Luxembourg S.C.A. bought a new position in shares of Sierra Oncology in the fourth quarter valued at about $2,238,000. Jefferies Group LLC bought a new position in shares of Sierra Oncology in the fourth quarter valued at about $224,000. Iguana Healthcare Management LLC raised its holdings in shares of Sierra Oncology by 33.3% in the fourth quarter. Iguana Healthcare Management LLC now owns 800,000 shares of the biotechnology company’s stock valued at $2,984,000 after buying an additional 200,000 shares during the last quarter. Sphera Funds Management LTD. bought a new position in shares of Sierra Oncology in the fourth quarter valued at about $2,052,000. Finally, 683 Capital Management LLC bought a new position in shares of Sierra Oncology in the fourth quarter valued at about $3,438,000. 43.33% of the stock is owned by institutional investors.
Sierra Oncology stock opened at $1.87 on Friday. Sierra Oncology has a 12-month low of $1.10 and a 12-month high of $4.09. The stock has a market capitalization of $142.08, a P/E ratio of -2.23 and a beta of 2.38.
SRRA has been the subject of a number of research analyst reports. Zacks Investment Research cut Sierra Oncology from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. ValuEngine raised Sierra Oncology from a “sell” rating to a “hold” rating in a report on Monday, April 2nd.
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Sierra Oncology Profile
Sierra Oncology, Inc, a clinical stage drug development company, researches, develops, and commercializes DNA Damage Response (DDR) therapeutics for the treatment of patients with cancer in the United States and internationally. The company's lead drug candidate is SRA737, an orally bioavailable small molecule inhibitor of Checkpoint kinase 1, which is in Phase 1 clinical trial to treat patients with advanced cancer.
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