Los Angeles Capital Management LLC Raises Stock Holdings in The Joint Corp. (NASDAQ:JYNT)

Los Angeles Capital Management LLC lifted its stake in shares of The Joint Corp. (NASDAQ:JYNT) by 13.4% during the third quarter, Holdings Channel reports. The fund owned 89,964 shares of the company’s stock after purchasing an additional 10,641 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Joint were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC grew its holdings in shares of Joint by 105.0% during the first 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. Clayton Partners LLC lifted its stake 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 during the period. American Century Companies Inc. lifted its stake in shares of Joint by 47.7% during the 2nd quarter. American Century Companies Inc. now owns 24,170 shares of the company’s stock worth $340,000 after purchasing an additional 7,804 shares during the period. Dimensional Fund Advisors LP grew its position 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. Finally, O Brien Greene & Co. Inc increased its stake in Joint by 0.9% in the second quarter. O Brien Greene & Co. Inc now owns 115,620 shares of the company’s stock valued at $1,626,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

Joint Trading Down 2.9 %

Shares of JYNT opened at $11.22 on Friday. The Joint Corp. has a twelve month low of $8.29 and a twelve month high of $17.82. The firm has a market capitalization of $168.08 million, a P/E ratio of -9.84 and a beta of 1.57. The stock’s fifty day simple moving average is $11.31 and its 200 day simple moving average is $12.96.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JYNT. Roth Mkm decreased their price target on Joint from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. StockNews.com upgraded shares of Joint from a “hold” rating to a “buy” rating in a report on Friday.

About Joint

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.