Clearline Capital LP Has $30.02 Million Holdings in Acuren Corp $TIC

Clearline Capital LP lessened 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 Securities and Exchange Commission. The fund owned 2,255,448 shares of the company’s stock after selling 687,348 shares during the period. Acuren accounts for about 1.4% of Clearline Capital LP’s investment portfolio, making the stock its 6th biggest holding. Clearline Capital LP’s holdings in Acuren were worth $30,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in Acuren in the 1st quarter valued at approximately $4,429,000. ProShare Advisors LLC bought a new position in Acuren in the 2nd quarter valued at about $234,000. Geode Capital Management LLC bought a new position in Acuren in the 2nd quarter valued at about $25,003,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Acuren during the 2nd quarter valued at about $249,000. Finally, Intech Investment Management LLC acquired a new position in Acuren during the 2nd quarter valued at about $521,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TIC shares. JPMorgan Chase & Co. started coverage on shares of Acuren in a report on Friday, January 9th. They issued an “overweight” rating and a $16.00 price objective for the company. Zacks Research raised Acuren to a “hold” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.38.

Acuren Price Performance

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

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.