Long Focus Capital Management LLC Invests $24.28 Million in Acuren Corp $TIC

Long Focus Capital Management LLC acquired a new position in Acuren Corp (NYSEAMERICAN:TIC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,824,000 shares of the company’s stock, valued at approximately $24,277,000.

Several other hedge funds have also recently bought and sold shares of TIC. Granite FO LLC bought a new position in Acuren in the 3rd quarter worth about $27,000. Nisa Investment Advisors LLC increased its stake 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. bought a new stake in shares of Acuren during the third quarter valued at approximately $38,000. Clearstead Advisors LLC bought a new stake in shares of Acuren during the third quarter valued at approximately $43,000. Finally, National Bank of Canada FI acquired a new position in shares of Acuren during the third quarter worth approximately $53,000.

Analysts Set New Price Targets

TIC has been the topic of several analyst reports. Zacks Research upgraded Acuren to a “hold” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. assumed coverage on Acuren in a research report on Friday, January 9th. They set an “overweight” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.38.

Acuren Trading Up 4.8%

Acuren stock opened at $7.60 on Tuesday. Acuren Corp has a 12-month low of $6.73 and a 12-month high of $14.94. The firm has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $10.86.

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.