Millington Financial Advisors LLC Increases Position in CBIZ, Inc. (NYSE:CBZ)

Millington Financial Advisors LLC increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,529 shares of the business services provider’s stock after purchasing an additional 475 shares during the quarter. CBIZ makes up 1.5% of Millington Financial Advisors LLC’s holdings, making the stock its 19th largest position. Millington Financial Advisors LLC owned 0.06% of CBIZ worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in CBIZ by 10.3% in the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock worth $5,800,000 after purchasing an additional 8,032 shares in the last quarter. Victory Capital Management Inc. lifted its position in CBIZ by 22.2% during the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after acquiring an additional 8,695 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in CBIZ in the third quarter valued at approximately $740,000. Quantbot Technologies LP grew its holdings in CBIZ by 960.9% in the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock worth $2,614,000 after purchasing an additional 35,188 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in CBIZ by 205.1% in the third quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock worth $3,580,000 after purchasing an additional 35,768 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CBIZ from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

CBIZ Stock Performance

CBZ opened at $84.04 on Tuesday. The company has a market cap of $4.22 billion, a P/E ratio of 35.61 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $84.17 and its 200-day moving average price is $76.19. CBIZ, Inc. has a 52-week low of $62.65 and a 52-week high of $89.25.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.