Geode Capital Management LLC Purchases 3,043 Shares of The Joint Corp. (NASDAQ:JYNT)

Geode Capital Management LLC increased its position in The Joint Corp. (NASDAQ:JYNT) by 1.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 291,581 shares of the company’s stock after purchasing an additional 3,043 shares during the period. Geode Capital Management LLC’s holdings in Joint were worth $3,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JYNT. Los Angeles Capital Management LLC purchased a new stake in shares of Joint during the 2nd quarter worth approximately $1,115,000. American Century Companies Inc. increased its position in Joint by 47.7% in the second quarter. American Century Companies Inc. now owns 24,170 shares of the company’s stock worth $340,000 after purchasing an additional 7,804 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Joint by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 194,139 shares of the company’s stock valued at $2,730,000 after purchasing an additional 17,268 shares in the last quarter. Renaissance Technologies LLC lifted its position in Joint by 5.5% during the second quarter. Renaissance Technologies LLC now owns 394,478 shares of the company’s stock valued at $5,546,000 after purchasing an additional 20,400 shares during the last quarter. Finally, Sargent Investment Group LLC purchased a new position in shares of Joint in the 2nd quarter worth $150,000. 76.88% of the stock is owned by institutional investors.

Joint Stock Down 1.0 %

JYNT stock opened at $10.53 on Tuesday. The firm’s fifty day simple moving average is $11.15 and its two-hundred day simple moving average is $11.82. The stock has a market capitalization of $157.78 million, a price-to-earnings ratio of -9.24 and a beta of 1.60. The Joint Corp. has a twelve month low of $8.90 and a twelve month high of $17.82.

Analyst Ratings Changes

JYNT has been the subject of a number of analyst reports. Roth Mkm lowered their price target on shares of Joint from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 8th. StockNews.com upgraded Joint from a “hold” rating to a “buy” rating in a research 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.