Jane Street Group LLC Has $177,000 Stock Holdings in The Joint Corp. (NASDAQ:JYNT)

Jane Street Group LLC cut its position in shares of The Joint Corp. (NASDAQ:JYNT) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,454 shares of the company’s stock after selling 7,358 shares during the period. Jane Street Group LLC owned 0.10% of Joint worth $177,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of Joint by 38.0% during the 3rd quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after purchasing an additional 2,971 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Joint during the 2nd quarter worth about $144,000. Sargent Investment Group LLC acquired a new position in shares of Joint during the 2nd quarter worth about $150,000. XTX Topco Ltd acquired a new position in shares of Joint during the 2nd quarter worth about $174,000. Finally, BNP Paribas Financial Markets grew its stake in Joint by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock valued at $258,000 after buying an additional 1,156 shares during the last quarter. 76.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JYNT shares. StockNews.com upgraded shares of Joint from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Roth Mkm decreased their price target on shares of Joint from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 8th.

Joint Stock Performance

JYNT opened at $10.33 on Tuesday. The Joint Corp. has a 52-week low of $8.94 and a 52-week high of $17.82. The firm has a market cap of $154.78 million, a P/E ratio of -9.06 and a beta of 1.60. The business’s fifty day moving average is $11.04 and its 200-day moving average is $11.67.

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.