Joint (NASDAQ:JYNT) Upgraded by StockNews.com to Buy Rating

Joint (NASDAQ:JYNT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Roth Mkm dropped their price objective 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 Trading Down 2.9 %

Shares of JYNT stock opened at $11.22 on Friday. Joint has a twelve month low of $8.29 and a twelve month high of $17.82. The business’s 50 day moving average is $11.31 and its two-hundred day moving average is $12.96. The company has a market capitalization of $168.08 million, a P/E ratio of -9.84 and a beta of 1.57.

Hedge Funds Weigh In On Joint

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ancora Advisors LLC boosted its stake in shares of Joint by 105.0% in the first 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. Clayton Partners LLC boosted its position in shares of Joint by 38.1% during the 2nd quarter. Clayton Partners LLC now owns 186,500 shares of the company’s stock worth $2,622,000 after purchasing an additional 51,500 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Joint during the 2nd quarter worth $1,115,000. American Century Companies Inc. increased its holdings in shares of Joint by 47.7% in the 2nd quarter. American Century Companies Inc. now owns 24,170 shares of the company’s stock valued at $340,000 after purchasing an additional 7,804 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Joint by 9.8% in 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 during the period. Institutional investors and hedge funds own 76.88% of the company’s stock.

Joint Company 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.