CenterBook Partners LP Acquires New Shares in Acuren Corp $TIC

CenterBook Partners LP acquired a new position in shares of Acuren Corp (NYSEAMERICAN:TIC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 134,954 shares of the company’s stock, valued at approximately $1,796,000.

A number of other hedge funds have also added to or reduced their stakes in TIC. Nisa Investment Advisors LLC lifted its holdings in shares of Acuren by 123.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock worth $30,000 after buying an additional 1,258 shares in the last quarter. Granite FO LLC bought a new stake in Acuren during the 3rd quarter worth approximately $27,000. Voya Investment Management LLC lifted its stake in Acuren by 9.0% in the 3rd quarter. Voya Investment Management LLC now owns 31,384 shares of the company’s stock worth $418,000 after purchasing an additional 2,598 shares in the last quarter. Blue Trust Inc. bought a new position in Acuren in the 3rd quarter valued at $38,000. Finally, Amalgamated Bank bought a new position in Acuren in the 2nd quarter valued at $39,000.

Acuren Stock Up 1.9%

Shares of TIC opened at $9.65 on Friday. Acuren Corp has a 1 year low of $8.76 and a 1 year high of $14.94. The stock has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $10.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TIC shares. JPMorgan Chase & Co. began coverage on Acuren in a research report on Friday, January 9th. They issued an “overweight” rating and a $16.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating and issued a $15.00 target price on shares of Acuren in a research note on Friday, November 14th. Zacks Research upgraded Acuren to a “hold” rating in a research report on Tuesday, December 16th. Finally, UBS Group decreased their price objective on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.