Linden Thomas Advisory Services LLC Takes $772,000 Position in Acuren Corp $TIC

Linden Thomas Advisory Services LLC bought a new position in shares of Acuren Corp (NYSEAMERICAN:TIC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,036 shares of the company’s stock, valued at approximately $772,000.

Several other institutional investors have also recently added to or reduced their stakes in TIC. Granite FO LLC purchased a new stake in Acuren during the 3rd quarter valued at approximately $27,000. Nisa Investment Advisors LLC increased its holdings in shares of Acuren by 123.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the period. Blue Trust Inc. acquired a new position in shares of Acuren in the third quarter valued at approximately $38,000. Amalgamated Bank purchased a new stake in shares of Acuren during the second quarter worth approximately $39,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Acuren during the third quarter worth $61,000.

Acuren Trading Down 4.9%

Shares of TIC opened at $9.84 on Wednesday. The company has a 50-day simple moving average of $10.41 and a 200-day simple moving average of $11.07. Acuren Corp has a 52-week low of $8.76 and a 52-week high of $14.94.

Wall Street Analysts Forecast Growth

TIC has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, November 14th. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 price target on shares of Acuren in a research note on Friday, November 14th. JPMorgan Chase & Co. started coverage on shares of Acuren in a report on Friday, January 9th. They set an “overweight” rating and a $16.00 price target for the company. Finally, Zacks Research raised Acuren to a “hold” rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.38.

About Acuren

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.