Stock Traders Buy High Volume of TIC Solutions Put Options (NYSE:TIC)

TIC Solutions, Inc (NYSE:TIC) was the target of unusually large options trading on Thursday. Stock investors bought 5,000 put options on the company. This represents an increase of 481% compared to the typical daily volume of 861 put options.

Hedge Funds Weigh In On TIC Solutions

Several large investors have recently modified their holdings of TIC. Nisa Investment Advisors LLC raised its position in shares of TIC Solutions by 123.5% in the third 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 period. FNY Investment Advisers LLC purchased a new position in TIC Solutions in the 3rd quarter valued at approximately $33,000. Clearstead Advisors LLC purchased a new position in TIC Solutions in the 3rd quarter valued at approximately $43,000. National Bank of Canada FI bought a new stake in TIC Solutions during the 3rd quarter valued at $53,000. Finally, Tower Research Capital LLC TRC bought a new stake in TIC Solutions during the 2nd quarter valued at $82,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group raised their target price on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings began coverage on shares of TIC Solutions in a report on Thursday, March 12th. They issued a “sell (d-)” rating on the stock. Robert W. Baird set a $11.00 price target on shares of TIC Solutions in a research report on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Two 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $11.50.

TIC Solutions Stock Performance

NYSE TIC traded up $0.04 on Friday, hitting $8.96. 2,448,660 shares of the stock traded hands, compared to its average volume of 2,843,351. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.06 and a current ratio of 3.06. The business’s fifty day moving average is $8.15 and its two-hundred day moving average is $9.54. TIC Solutions has a 12 month low of $6.36 and a 12 month high of $14.94. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -17.24 and a beta of 3.21.

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

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.