Long Focus Capital Management LLC Acquires Shares of 1,824,000 Acuren Corp $TIC

Long Focus Capital Management LLC bought a new position in Acuren Corp (NYSEAMERICAN:TIC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,824,000 shares of the company’s stock, valued at approximately $24,277,000.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in Acuren in the first quarter worth about $4,429,000. ProShare Advisors LLC bought a new position in Acuren during the 2nd quarter worth approximately $234,000. Geode Capital Management LLC bought a new position in Acuren during the 2nd quarter worth approximately $25,003,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Acuren in the 2nd quarter worth approximately $249,000. Finally, Intech Investment Management LLC bought a new stake in shares of Acuren in the 2nd quarter valued at approximately $521,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Acuren in a research report on Friday, January 9th. They set an “overweight” rating and a $16.00 price target on the stock. Zacks Research raised shares of 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.38.

Acuren Trading Up 4.8%

Shares of Acuren stock opened at $7.60 on Tuesday. Acuren Corp has a twelve month low of $6.73 and a twelve month high of $14.94. The business’s 50 day simple moving average is $9.88 and its 200-day simple moving average is $10.86.

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.