Joint ( NASDAQ:JYNT – Get Free Report ) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Joint Price Performance

Shares of NASDAQ JYNT opened at $11.30 on Monday. The stock has a market cap of $169.32 million, a PE ratio of -9.91 and a beta of 1.61. Joint has a 1 year low of $9.58 and a 1 year high of $17.82. The firm has a fifty day moving average price of $11.11 and a 200-day moving average price of $11.15.

Institutional Trading of Joint

Several institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp raised its position in shares of Joint by 193.3% during the 4th quarter. Mackenzie Financial Corp now owns 33,040 shares of the company’s stock valued at $351,000 after purchasing an additional 21,776 shares during the period. Squarepoint Ops LLC raised its position in shares of Joint by 31.9% during the 4th quarter. Squarepoint Ops LLC now owns 24,583 shares of the company’s stock valued at $261,000 after purchasing an additional 5,946 shares during the period. Millennium Management LLC raised its position in shares of Joint by 46.9% during the 4th quarter. Millennium Management LLC now owns 80,982 shares of the company’s stock valued at $861,000 after purchasing an additional 25,863 shares during the period. BNP Paribas Financial Markets raised its position in shares of Joint by 6.8% during the 4th quarter. BNP Paribas Financial Markets now owns 24,031 shares of the company’s stock valued at $255,000 after purchasing an additional 1,521 shares during the period. Finally, Northern Trust Corp raised its position in shares of Joint by 4.1% during the 4th quarter. Northern Trust Corp now owns 131,313 shares of the company’s stock valued at $1,396,000 after purchasing an additional 5,220 shares during the period. 76.88% of the stock is currently owned by institutional investors.

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.

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