Apis Capital Advisors LLC Invests $2.48 Million in Acuren Corp $TIC

Apis Capital Advisors LLC acquired a new stake in shares of Acuren Corp (NYSEAMERICAN:TIC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 186,000 shares of the company’s stock, valued at approximately $2,476,000.

Several other hedge funds have also recently made changes to their positions in TIC. Vanguard Group Inc. raised its stake in Acuren by 100.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company’s stock worth $113,517,000 after acquiring an additional 4,280,384 shares during the last quarter. Swedbank AB acquired a new stake in Acuren during the 3rd quarter worth about $43,923,000. Dimensional Fund Advisors LP purchased a new stake in Acuren during the 3rd quarter valued at about $43,579,000. Cercano Management LLC acquired a new position in shares of Acuren in the third quarter valued at about $38,629,000. Finally, Geode Capital Management LLC acquired a new position in shares of Acuren in the second quarter valued at about $25,003,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research upgraded Acuren to a “hold” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. began coverage on shares of Acuren in a report on Friday, January 9th. They issued an “overweight” rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.38.

Acuren Stock Down 5.7%

Acuren stock opened at $7.25 on Friday. The business’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 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.