Acuren Target of Unusually High Options Trading (NYSEAMERICAN:TIC)

Acuren Corp (NYSEAMERICAN:TIC) saw some unusual options trading on Thursday. Stock investors acquired 5,007 put options on the stock. This represents an increase of 323% compared to the typical volume of 1,183 put options.

Analyst Ratings Changes

Several brokerages have recently issued reports on TIC. 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 price objective for the company. Jefferies Financial Group restated a “buy” rating and set a $15.00 target price on shares of Acuren in a report on Friday, November 14th. Baird R W upgraded shares of Acuren to a “hold” rating in a research note on Thursday, October 9th. Zacks Research raised shares of Acuren to a “hold” rating in a research report on Tuesday, December 16th. Finally, UBS Group cut their price objective on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Acuren currently has a consensus rating of “Hold” and an average target price of $13.83.

Acuren Trading Up 4.3%

NYSEAMERICAN:TIC traded up $0.43 during midday trading on Thursday, reaching $10.42. 224,493 shares of the stock traded hands, compared to its average volume of 1,450,826. Acuren has a 12-month low of $8.76 and a 12-month high of $14.94. The business has a 50-day moving average of $10.27 and a two-hundred day moving average of $11.19.

Hedge Funds Weigh In On Acuren

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Granite FO LLC purchased a new position in shares of Acuren in the third quarter worth $27,000. Nisa Investment Advisors LLC boosted its holdings in shares of Acuren by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Acuren during the third quarter worth $33,000. Blue Trust Inc. purchased a new position in shares of Acuren during the third quarter worth $38,000. Finally, Clearstead Advisors LLC acquired a new position in Acuren during the third quarter valued at $43,000.

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.