The Joint Corp. (NASDAQ:JYNT) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in The Joint Corp. (NASDAQ:JYNT) by 71.4% during the third quarter, Holdings Channel.com reports. The firm owned 25,609 shares of the company’s stock after purchasing an additional 10,671 shares during the quarter. Barclays PLC’s holdings in Joint were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JYNT. BNP Paribas Financial Markets increased its stake in shares of Joint by 5.4% during the third quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock worth $258,000 after buying an additional 1,156 shares during the period. FMR LLC grew its holdings in Joint by 38.0% during the 3rd quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after acquiring an additional 2,971 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Joint by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock valued at $3,336,000 after purchasing an additional 3,043 shares during the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Joint by 3.5% in the 3rd quarter. O Brien Greene & Co. Inc now owns 119,620 shares of the company’s stock valued at $1,368,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its position in shares of Joint by 4.1% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 146,400 shares of the company’s stock worth $1,675,000 after purchasing an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JYNT. StockNews.com raised Joint from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Roth Mkm dropped their price objective on Joint from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

Joint Trading Up 1.7 %

Shares of NASDAQ:JYNT opened at $11.19 on Tuesday. The firm has a 50 day simple moving average of $10.93 and a 200-day simple moving average of $11.57. The Joint Corp. has a twelve month low of $8.96 and a twelve month high of $17.82. The company has a market capitalization of $167.67 million, a PE ratio of -9.82 and a beta of 1.60.

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.