Wedge Capital Management L L P NC Buys New Stake in Acuren Corp $TIC

Wedge Capital Management L L P NC bought a new position in Acuren Corp (NYSEAMERICAN:TIC) during the 3rd quarter, Holdings Channel reports. The fund bought 96,419 shares of the company’s stock, valued at approximately $1,283,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TIC. Voya Investment Management LLC grew its position in shares of Acuren by 9.0% in the third quarter. Voya Investment Management LLC now owns 31,384 shares of the company’s stock valued at $418,000 after purchasing an additional 2,598 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Acuren during the 2nd quarter worth about $39,000. GAMMA Investing LLC bought a new stake in Acuren during the 3rd quarter valued at approximately $61,000. Tower Research Capital LLC TRC bought a new stake in Acuren during the 2nd quarter valued at approximately $82,000. Finally, BNP Paribas Financial Markets acquired a new stake in Acuren in the 2nd quarter valued at approximately $97,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TIC. Baird R W raised Acuren to a “hold” rating in a research report on Thursday, October 9th. Zacks Research upgraded shares of Acuren to a “hold” rating in a research note on Tuesday, December 16th. UBS Group dropped their target price 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. Robert W. Baird started coverage on shares of Acuren in a research note on Thursday, October 9th. They set a “neutral” rating and a $15.00 target price for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $15.00 price target on shares of Acuren in a report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.83.

Acuren Price Performance

Shares of NYSEAMERICAN:TIC opened at $10.50 on Wednesday. Acuren Corp has a 1-year low of $8.76 and a 1-year high of $14.94. The business’s 50 day moving average is $10.70 and its 200-day moving average is $11.24.

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.