Jane Street Group LLC Sells 7,358 Shares of The Joint Corp. (NASDAQ:JYNT)

Jane Street Group LLC reduced its stake in The Joint Corp. (NASDAQ:JYNT) by 32.3% during the third quarter, HoldingsChannel reports. The firm owned 15,454 shares of the company’s stock after selling 7,358 shares during the quarter. Jane Street Group LLC’s holdings in Joint were worth $177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in Joint by 38.0% in the 3rd quarter. FMR LLC now owns 10,787 shares of the company’s stock valued at $123,000 after purchasing an additional 2,971 shares during the last quarter. Squarepoint Ops LLC bought a new position in Joint in the 2nd quarter valued at approximately $144,000. Sargent Investment Group LLC bought a new position in Joint in the 2nd quarter valued at approximately $150,000. XTX Topco Ltd bought a new position in Joint in the 2nd quarter valued at approximately $174,000. Finally, BNP Paribas Financial Markets lifted 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 purchasing an additional 1,156 shares during the last quarter. 76.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Roth Mkm dropped their price objective on shares of Joint from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th. StockNews.com raised shares of Joint from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Joint Stock Performance

JYNT stock opened at $10.33 on Tuesday. The company has a fifty day moving average price of $11.04 and a 200-day moving average price of $11.67. The company has a market capitalization of $154.78 million, a P/E ratio of -9.06 and a beta of 1.60. The Joint Corp. has a 52-week low of $8.94 and a 52-week high of $17.82.

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.