Alyeska Investment Group L.P. Cuts Stake in TIC Solutions

Alyeska Investment Group L.P., a financial institution, has made significant changes to its holdings in TIC Solutions, Inc. (NYSE:TIC). According to a recent SEC filing, Alyeska decreased its stake in TIC by 0.8% during the second quarter. The firm now owns approximately 18.6 million shares of TIC's stock, valued at $150.51 million.

Other large investors have also made changes to their positions in TIC Solutions. Goldman Sachs Group Inc. acquired a new stake in the company's shares during the first quarter, worth around $4.43 million. JPMorgan Chase & Co. increased its position by 1,512.2% in the second quarter, now owning 48,946 shares valued at $540,000.

Analysts have provided their views on TIC Solutions. Roth Capital reaffirmed a 'buy' rating and set a price target of $11.50 per share. UBS Group upgraded the company from a 'neutral' to a 'buy' rating with a new target price of $12.50.

TIC Solutions, Inc. is a leading provider of non-destructive testing (NDT) services to various industries, including energy and manufacturing. The company has reported revenue of $584.35 million in its latest quarter, beating analyst estimates.