Joint (NASDAQ:JYNT) Rating Lowered to “Hold” at StockNews.com

Joint (NASDAQ:JYNT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Joint Trading Down 2.3 %

Shares of NASDAQ:JYNT opened at $11.61 on Thursday. The firm has a fifty day moving average of $11.26 and a 200 day moving average of $12.96. Joint has a 52-week low of $7.31 and a 52-week high of $17.82.

Joint (NASDAQ:JYNT) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The firm had revenue of $30.26 million during the quarter, compared to analysts’ expectations of $29.65 million. Joint had a positive return on equity of 2.17% and a negative net margin of 12.00%. As a group, equities analysts anticipate that Joint will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Joint

Institutional investors have recently made changes to their positions in the business. Verus Capital Partners LLC lifted its stake in Joint by 5.9% in the third quarter. Verus Capital Partners LLC now owns 132,955 shares of the company’s stock worth $1,521,000 after purchasing an additional 7,440 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Joint by 13.4% in the third quarter. Los Angeles Capital Management LLC now owns 89,964 shares of the company’s stock worth $1,029,000 after buying an additional 10,641 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Joint in the 2nd quarter valued at about $144,000. Clayton Partners LLC boosted its holdings in Joint by 38.1% during the 2nd quarter. Clayton Partners LLC now owns 186,500 shares of the company’s stock valued at $2,622,000 after acquiring an additional 51,500 shares during the period. Finally, XTX Topco Ltd bought a new position in Joint during the 2nd quarter worth approximately $174,000. Hedge funds and other institutional investors own 76.88% of the company’s stock.

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.