Moore Capital Management LP Acquires 666,939 Shares of Acuren Corp $TIC

Moore Capital Management LP increased its holdings in shares of Acuren Corp (NYSEAMERICAN:TIC) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,666,939 shares of the company’s stock after purchasing an additional 666,939 shares during the quarter. Moore Capital Management LP’s holdings in Acuren were worth $22,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new position in Acuren in the 1st quarter worth approximately $4,429,000. ProShare Advisors LLC bought a new stake in shares of Acuren during the second quarter valued at approximately $234,000. Geode Capital Management LLC bought a new stake in shares of Acuren during the second quarter valued at approximately $25,003,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Acuren in the second quarter worth $249,000. Finally, Intech Investment Management LLC purchased a new position in shares of Acuren in the second quarter worth $521,000.

Acuren Stock Performance

NYSEAMERICAN TIC opened at $7.60 on Tuesday. Acuren Corp has a 1-year low of $6.73 and a 1-year high of $14.94. The business has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $10.86.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TIC. JPMorgan Chase & Co. began coverage on shares of Acuren in a research report on Friday, January 9th. They set an “overweight” rating and a $16.00 target price 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.