Moore Capital Management LP Increases Holdings in Acuren Corp $TIC

Moore Capital Management LP grew its position in shares of Acuren Corp (NYSEAMERICAN:TIC) by 66.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,666,939 shares of the company’s stock after buying an additional 666,939 shares during the quarter. Moore Capital Management LP’s holdings in Acuren were worth $22,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Granite FO LLC bought a new stake in shares of Acuren in the third quarter worth $27,000. Nisa Investment Advisors LLC lifted its holdings in 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 acquiring an additional 1,258 shares during the period. Blue Trust Inc. bought a new position in Acuren in the third quarter valued at about $38,000. Clearstead Advisors LLC purchased a new position in Acuren in the third quarter worth about $43,000. Finally, GAMMA Investing LLC purchased a new position in Acuren in the third quarter worth about $61,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TIC shares. JPMorgan Chase & Co. assumed coverage on shares of Acuren in a research report on Friday, January 9th. They set an “overweight” rating and a $16.00 price target for the company. Zacks Research raised shares of Acuren to a “hold” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.38.

Acuren Stock Performance

TIC opened at $7.60 on Tuesday. The firm’s fifty day moving average is $9.88 and its 200 day moving average is $10.86. Acuren Corp has a fifty-two week low of $6.73 and a fifty-two week high of $14.94.

Acuren Company 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.