Investors Buy Large Volume of Acuren Call Options (NYSEAMERICAN:TIC)

Acuren Corp (NYSEAMERICAN:TIC) saw some unusual options trading on Friday. Stock traders purchased 2,721 call options on the company. This represents an increase of 114% compared to the typical daily volume of 1,271 call options.

Acuren Price Performance

TIC stock opened at $11.45 on Friday. Acuren has a one year low of $8.76 and a one year high of $14.94. The company’s 50 day moving average price is $10.23 and its two-hundred day moving average price is $11.19.

Institutional Trading of Acuren

Several hedge funds have recently added to or reduced their stakes in TIC. Granite FO LLC bought a new position in shares of Acuren during the third quarter valued at about $27,000. Nisa Investment Advisors LLC lifted its stake 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 acquiring an additional 1,258 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Acuren during the 3rd quarter valued at about $33,000. Blue Trust Inc. bought a new position in Acuren during the 3rd quarter worth approximately $38,000. Finally, Amalgamated Bank bought a new position in Acuren during the 2nd quarter worth approximately $39,000.

Wall Street Analyst Weigh In

Several research analysts have commented on TIC shares. Baird R W upgraded Acuren to a “hold” rating in a research note on Thursday, October 9th. Robert W. Baird assumed coverage on shares of Acuren in a report on Thursday, October 9th. They issued a “neutral” rating and a $15.00 price target on the stock. UBS Group cut their price objective on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, November 14th. Zacks Research raised shares of Acuren to a “hold” rating in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Acuren in a research note on Friday. They issued an “overweight” rating and a $16.00 target price on the stock. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.38.

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.