New York State Teachers Retirement System Purchases 1,203 Shares of The Joint Corp. (NASDAQ:JYNT)

New York State Teachers Retirement System increased its holdings in shares of The Joint Corp. (NASDAQ:JYNTGet Rating) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,877 shares of the company’s stock after buying an additional 1,203 shares during the period. New York State Teachers Retirement System’s holdings in Joint were worth $124,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JYNT. Point72 Hong Kong Ltd raised its position in shares of Joint by 455.7% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,073 shares of the company’s stock valued at $109,000 after acquiring an additional 2,520 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Joint by 36.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,873 shares of the company’s stock valued at $75,000 after acquiring an additional 1,313 shares during the period. Avondale Wealth Management increased its stake in Joint by 700.0% in the third quarter. Avondale Wealth Management now owns 6,000 shares of the company’s stock valued at $94,000 after purchasing an additional 5,250 shares in the last quarter. MetLife Investment Management LLC increased its stake in Joint by 58.0% in the first quarter. MetLife Investment Management LLC now owns 8,041 shares of the company’s stock valued at $285,000 after purchasing an additional 2,953 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Joint in the 1st quarter valued at $290,000. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Joint in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.17.

Insider Transactions at Joint

In other Joint news, major shareholder Bandera Partners Llc purchased 9,464 shares of the stock in a transaction on Monday, October 24th. The shares were purchased at an average cost of $15.33 per share, for a total transaction of $145,083.12. Following the purchase, the insider now owns 2,469,151 shares of the company’s stock, valued at $37,852,084.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by insiders.

Joint Stock Performance

JYNT opened at $18.38 on Friday. The business’s 50-day moving average price is $15.55 and its two-hundred day moving average price is $16.61. The Joint Corp. has a 1 year low of $12.85 and a 1 year high of $57.46. The company has a market capitalization of $267.06 million, a price-to-earnings ratio of 367.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87.

Joint (NASDAQ:JYNTGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Joint had a return on equity of 2.82% and a net margin of 0.88%. The firm had revenue of $26.60 million for the quarter, compared to the consensus estimate of $26.02 million. Equities analysts expect that The Joint Corp. will post 0.11 EPS for the current fiscal year.

Joint Profile

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The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates in two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and regional developers. As of March 1, 2022, the company operated approximately 700 locations in the United States.

Further Reading

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Institutional Ownership by Quarter for Joint (NASDAQ:JYNT)

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