Acuren Corp $TIC Holdings Trimmed by ADW Capital Management LLC

ADW Capital Management LLC trimmed its holdings in shares of Acuren Corp (NYSEAMERICAN:TIC) by 57.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,100,000 shares of the company’s stock after selling 1,513,803 shares during the quarter. Acuren accounts for approximately 8.4% of ADW Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. ADW Capital Management LLC’s holdings in Acuren were worth $14,641,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in Acuren by 69.0% in the 3rd quarter. Alliancebernstein L.P. now owns 177,914 shares of the company’s stock worth $2,368,000 after buying an additional 72,614 shares during the period. Ameriprise Financial Inc. bought a new position in Acuren in the 3rd quarter worth about $167,000. Apis Capital Advisors LLC bought a new position in Acuren in the 3rd quarter worth about $2,476,000. Schonfeld Strategic Advisors LLC increased its position in shares of Acuren by 2,329.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 271,525 shares of the company’s stock worth $3,614,000 after acquiring an additional 260,347 shares during the period. Finally, Creative Planning purchased a new position in shares of Acuren during the third quarter worth approximately $732,000.

Wall Street Analyst Weigh In

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

Acuren Trading Down 5.7%

NYSEAMERICAN TIC opened at $7.25 on Friday. The firm’s 50 day moving average price is $9.94 and its 200-day moving average price is $10.88. Acuren Corp has a 52-week low of $6.73 and a 52-week high of $14.94.

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.