TIC Solutions Target of Unusually High Options Trading (NYSE:TIC)

TIC Solutions, Inc (NYSE:TIC) saw unusually large options trading activity on Thursday. Traders purchased 5,000 put options on the company. This represents an increase of approximately 481% compared to the average daily volume of 861 put options.

Institutional Investors Weigh In On TIC Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in shares of TIC Solutions by 123.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of TIC Solutions during the 3rd quarter valued at approximately $33,000. Clearstead Advisors LLC bought a new stake in shares of TIC Solutions during the 3rd quarter valued at approximately $43,000. National Bank of Canada FI bought a new stake in shares of TIC Solutions during the 3rd quarter valued at approximately $53,000. Finally, Principal Financial Group Inc. bought a new stake in shares of TIC Solutions during the 1st quarter valued at approximately $69,000.

TIC Solutions Price Performance

TIC stock traded up $0.10 during mid-day trading on Thursday, hitting $9.04. The stock had a trading volume of 188,039 shares, compared to its average volume of 2,747,599. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. TIC Solutions has a 52 week low of $6.36 and a 52 week high of $14.94. The firm has a market capitalization of $2.00 billion, a P/E ratio of -17.34 and a beta of 3.21. The firm has a fifty day simple moving average of $8.16 and a 200 day simple moving average of $9.57.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $488.03 million for the quarter. TIC Solutions had a negative net margin of 5.77% and a negative return on equity of 3.82%. As a group, research analysts forecast that TIC Solutions will post 0.37 EPS for the current year.

Analyst Ratings Changes

TIC has been the subject of a number of research reports. Robert W. Baird set a $11.00 target price on shares of TIC Solutions in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. UBS Group raised their target price on shares of TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $11.50.

TIC Solutions 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.