Charles Schwab Investment Management Inc. Has $385,000 Stock Holdings in The Joint Corp. (NASDAQ:JYNT)

Charles Schwab Investment Management Inc. lifted its stake in The Joint Corp. (NASDAQ:JYNT) by 9.1% in the fourth quarter, HoldingsChannel reports. The firm owned 36,204 shares of the company’s stock after purchasing an additional 3,029 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Joint were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Joint by 38.0% in the third quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after buying an additional 2,971 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Joint during the third quarter valued at approximately $175,000. Sanders Morris Harris LLC purchased a new stake in shares of Joint in the 4th quarter valued at approximately $228,000. BNP Paribas Financial Markets boosted its stake in Joint by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock worth $258,000 after purchasing an additional 1,156 shares during the period. Finally, Barclays PLC grew its position in Joint by 71.4% during the 3rd quarter. Barclays PLC now owns 25,609 shares of the company’s stock worth $294,000 after purchasing an additional 10,671 shares in the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

Joint Trading Down 1.3 %

Shares of NASDAQ JYNT opened at $12.49 on Tuesday. The Joint Corp. has a one year low of $9.58 and a one year high of $17.82. The business has a 50-day moving average price of $11.50 and a two-hundred day moving average price of $11.24. The firm has a market capitalization of $189.54 million, a PE ratio of -10.96 and a beta of 1.61.

Wall Street Analyst Weigh In

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

Joint Profile

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.