Acuren Corp $TIC Shares Sold by Clearline Capital LP

Clearline Capital LP trimmed its holdings in shares of Acuren Corp (NYSEAMERICAN:TIC) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,255,448 shares of the company’s stock after selling 687,348 shares during the quarter. Acuren accounts for about 1.4% of Clearline Capital LP’s investment portfolio, making the stock its 6th biggest position. Clearline Capital LP’s holdings in Acuren were worth $30,020,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Granite FO LLC acquired a new stake in Acuren during the 3rd quarter valued at approximately $27,000. Nisa Investment Advisors LLC raised its position in shares of Acuren by 123.5% in the 3rd 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 in the last quarter. Blue Trust Inc. acquired a new position in shares of Acuren in the 3rd quarter valued at approximately $38,000. Clearstead Advisors LLC purchased a new position in shares of Acuren during the 3rd quarter valued at approximately $43,000. Finally, GAMMA Investing LLC purchased a new position in shares of Acuren during the 3rd quarter valued at approximately $61,000.

Acuren Trading Down 5.7%

Shares of Acuren stock opened at $7.25 on Friday. Acuren Corp has a twelve month low of $6.73 and a twelve month high of $14.94. The business’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $10.88.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Acuren in a research note on Friday, January 9th. They issued an “overweight” rating and a $16.00 price target for the company. Zacks Research upgraded shares of Acuren to a “hold” rating in a research note on Tuesday, December 16th. Two 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 a consensus rating of “Hold” and an average target price of $14.38.

Acuren Profile

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.