Geode Capital Management LLC Raises Stock Holdings in The Joint Corp. (NASDAQ:JYNT)

Geode Capital Management LLC raised its stake in shares of The Joint Corp. (NASDAQ:JYNT) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 291,581 shares of the company’s stock after acquiring an additional 3,043 shares during the period. Geode Capital Management LLC owned approximately 1.95% of Joint worth $3,336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Clayton Partners LLC lifted its position in Joint by 38.1% during the second quarter. Clayton Partners LLC now owns 186,500 shares of the company’s stock valued at $2,622,000 after purchasing an additional 51,500 shares during the period. American Century Companies Inc. lifted its holdings in shares of Joint by 47.7% during the 2nd quarter. American Century Companies Inc. now owns 24,170 shares of the company’s stock valued at $340,000 after buying an additional 7,804 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Joint in the 2nd quarter worth $1,115,000. Dimensional Fund Advisors LP grew its holdings in shares of Joint by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 194,139 shares of the company’s stock worth $2,730,000 after acquiring an additional 17,268 shares during the period. Finally, O Brien Greene & Co. Inc increased its position in Joint by 0.9% during the second quarter. O Brien Greene & Co. Inc now owns 115,620 shares of the company’s stock valued at $1,626,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

Joint Stock Performance

Shares of Joint stock opened at $10.53 on Tuesday. The stock’s fifty day moving average is $11.15 and its 200 day moving average is $11.82. The Joint Corp. has a one year low of $8.90 and a one year high of $17.82. The stock has a market cap of $157.78 million, a P/E ratio of -9.24 and a beta of 1.60.

Wall Street Analyst Weigh In

JYNT has been the topic of several research reports. Roth Mkm dropped their target price on Joint from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com raised shares of Joint from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

About Joint

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.