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

Douglass Winthrop Advisors LLC boosted its position in The Joint Corp. (NASDAQ:JYNT) by 4.1% during the third quarter, HoldingsChannel.com reports. 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’s holdings in Joint were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Joint in the second quarter valued at about $1,115,000. Clayton Partners LLC increased its position in 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 during the period. Ancora Advisors LLC raised its stake in shares of Joint by 105.0% during the 1st quarter. Ancora Advisors LLC now owns 99,212 shares of the company’s stock worth $1,296,000 after buying an additional 50,815 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Joint by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 394,478 shares of the company’s stock valued at $5,546,000 after buying an additional 20,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 buying an additional 17,268 shares in the last quarter. 76.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on JYNT. 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. StockNews.com upgraded shares of Joint from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Joint Price Performance

NASDAQ JYNT opened at $11.75 on Monday. The business has a 50 day moving average price of $11.29 and a 200 day moving average price of $12.80. The company has a market capitalization of $176.02 million, a P/E ratio of -10.31 and a beta of 1.57. The Joint Corp. has a 1-year low of $8.60 and a 1-year high of $17.82.

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.