Joint (NASDAQ:JYNT) Cut to Hold at StockNews.com

StockNews.com lowered shares of Joint (NASDAQ:JYNT) from a buy rating to a hold rating in a report published on Monday morning.

Joint Stock Up 10.0 %

Shares of JYNT stock opened at $12.43 on Monday. Joint has a 12 month low of $9.58 and a 12 month high of $17.82. The business’s 50 day moving average is $11.16 and its two-hundred day moving average is $11.16. The company has a market cap of $186.25 million, a PE ratio of -10.90 and a beta of 1.61.

Institutional Investors Weigh In On Joint

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Joint by 1.1% in the third quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock worth $3,336,000 after acquiring an additional 3,043 shares during the last quarter. Barclays PLC grew its stake in shares of Joint by 71.4% in the third quarter. Barclays PLC now owns 25,609 shares of the company’s stock worth $294,000 after acquiring an additional 10,671 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Joint in the third quarter worth $175,000. Douglass Winthrop Advisors LLC grew its stake in shares of Joint by 4.1% in the third quarter. Douglass Winthrop Advisors LLC now owns 146,400 shares of the company’s stock worth $1,675,000 after acquiring an additional 5,800 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Joint by 38.0% in the third quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after acquiring an additional 2,971 shares during the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

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.