Boston Partners Sells 16,545 Shares of The Joint Corp. (NASDAQ:JYNT)

Boston Partners cut its holdings in shares of The Joint Corp. (NASDAQ:JYNT) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,613 shares of the company’s stock after selling 16,545 shares during the period. Boston Partners owned about 0.20% of Joint worth $315,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Skylands Capital LLC lifted its holdings in shares of Joint by 10.9% during the fourth quarter. Skylands Capital LLC now owns 738,728 shares of the company’s stock worth $7,853,000 after purchasing an additional 72,700 shares during the period. Clayton Partners LLC lifted its holdings in Joint by 36.2% during the 4th quarter. Clayton Partners LLC now owns 310,000 shares of the company’s stock worth $3,295,000 after buying an additional 82,447 shares during the period. Geode Capital Management LLC grew 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 buying an additional 3,043 shares during the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of Joint by 4.1% in the third quarter. Douglass Winthrop Advisors LLC now owns 146,400 shares of the company’s stock valued at $1,675,000 after buying an additional 5,800 shares during the period. Finally, O Brien Greene & Co. Inc raised its position in shares of Joint by 20.9% during the fourth quarter. O Brien Greene & Co. Inc now owns 144,620 shares of the company’s stock worth $1,537,000 after acquiring an additional 25,000 shares during the last quarter. 76.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Joint from a “buy” rating to a “hold” rating in a report on Monday, March 17th.

Joint Trading Down 0.2 %

Shares of JYNT opened at $12.73 on Monday. The firm’s fifty day simple moving average is $11.26 and its two-hundred day simple moving average is $11.18. The Joint Corp. has a 12 month low of $9.58 and a 12 month high of $17.82. The stock has a market capitalization of $193.18 million, a P/E ratio of -11.17 and a beta of 1.61.

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.