Geode Capital Management LLC Purchases 1,552 Shares of The Joint Corp. (NASDAQ:JYNT)

Geode Capital Management LLC grew its position in shares of The Joint Corp. (NASDAQ:JYNT) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,133 shares of the company’s stock after acquiring an additional 1,552 shares during the period. Geode Capital Management LLC owned about 1.96% of Joint worth $3,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JYNT. Douglass Winthrop Advisors LLC raised its stake in Joint by 3.2% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 151,100 shares of the company’s stock worth $1,606,000 after buying an additional 4,700 shares in the last quarter. Barclays PLC raised its stake in Joint by 71.4% in the third quarter. Barclays PLC now owns 25,609 shares of the company’s stock worth $294,000 after buying an additional 10,671 shares in the last quarter. Franklin Resources Inc. bought a new position in Joint in the third quarter worth about $175,000. Skylands Capital LLC raised its stake in Joint by 10.9% in the fourth quarter. Skylands Capital LLC now owns 738,728 shares of the company’s stock worth $7,853,000 after buying an additional 72,700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Joint by 9.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,204 shares of the company’s stock worth $385,000 after buying an additional 3,029 shares in the last quarter. 76.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Joint from a “buy” rating to a “hold” rating in a research note on Monday, March 17th.

Joint Stock Performance

Shares of NASDAQ JYNT opened at $10.15 on Tuesday. The Joint Corp. has a fifty-two week low of $9.58 and a fifty-two week high of $17.82. The company has a 50 day simple moving average of $11.11 and a two-hundred day simple moving average of $11.13. The company has a market capitalization of $155.53 million, a price-to-earnings ratio of -8.90 and a beta of 1.45.

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.