Douglass Winthrop Advisors LLC Boosts Stock Position in The Joint Corp. (NASDAQ:JYNT)

Douglass Winthrop Advisors LLC raised its holdings in The Joint Corp. (NASDAQ:JYNT) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,400 shares of the company’s stock after buying an additional 5,800 shares during the period. Douglass Winthrop Advisors LLC owned about 0.98% of Joint worth $1,675,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JYNT. Russell Investments Group Ltd. raised its position in shares of Joint by 8.9% during the 1st quarter. Russell Investments Group Ltd. now owns 90,147 shares of the company’s stock worth $1,177,000 after acquiring an additional 7,375 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Joint by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company’s stock worth $229,000 after buying an additional 837 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Joint by 105.0% in the 1st quarter. Ancora Advisors LLC now owns 99,212 shares of the company’s stock valued at $1,296,000 after buying an additional 50,815 shares in the last quarter. Avondale Wealth Management grew its position in shares of Joint by 15.8% in the 2nd quarter. Avondale Wealth Management now owns 22,000 shares of the company’s stock valued at $309,000 after buying an additional 3,000 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Joint in the 2nd quarter valued at $1,115,000. 76.88% of the stock is owned by hedge funds and other institutional investors.

Joint Price Performance

Shares of Joint stock opened at $11.75 on Monday. The stock has a market capitalization of $176.02 million, a price-to-earnings ratio of -10.31 and a beta of 1.57. The firm’s fifty day simple moving average is $11.29 and its 200-day simple moving average is $12.80. The Joint Corp. has a 12 month low of $8.60 and a 12 month high of $17.82.

Analyst Ratings Changes

A number of brokerages recently weighed in on JYNT. StockNews.com raised shares of Joint from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Roth Mkm reduced their target price on Joint from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 8th.

Joint Profile

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.