ARP Americas LP Has $371,000 Stock Holdings in Iron Mountain Inc (NYSE:IRM)

ARP Americas LP cut its position in shares of Iron Mountain Inc (NYSE:IRM) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,231 shares of the financial services provider’s stock after selling 369 shares during the period. ARP Americas LP’s holdings in Iron Mountain were worth $371,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Advisors Investment Management LLC acquired a new position in shares of Iron Mountain during the 2nd quarter worth about $26,000. Enterprise Financial Services Corp increased its stake in shares of Iron Mountain by 485.9% during the 1st quarter. Enterprise Financial Services Corp now owns 1,207 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,001 shares during the last quarter. Private Capital Group LLC boosted its holdings in shares of Iron Mountain by 122.2% during the 1st quarter. Private Capital Group LLC now owns 1,584 shares of the financial services provider’s stock worth $38,000 after buying an additional 871 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Iron Mountain by 172.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,654 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,047 shares during the period. Finally, Trustcore Financial Services LLC boosted its holdings in shares of Iron Mountain by 70.1% during the 1st quarter. Trustcore Financial Services LLC now owns 1,701 shares of the financial services provider’s stock worth $40,000 after buying an additional 701 shares during the period. Institutional investors own 84.82% of the company’s stock.

NYSE IRM traded down $0.06 during trading on Friday, reaching $28.19. The company’s stock had a trading volume of 3,273,052 shares, compared to its average volume of 2,270,629. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 9.31. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67. Iron Mountain Inc has a 12 month low of $21.00 and a 12 month high of $34.49. The firm has a 50 day moving average price of $26.81 and a 200 day moving average price of $27.56.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Iron Mountain had a net margin of 7.06% and a return on equity of 19.16%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. On average, equities analysts forecast that Iron Mountain Inc will post 2.1 EPS for the current fiscal year.

IRM has been the subject of several research analyst reports. Credit Suisse Group reduced their target price on shares of Iron Mountain from $18.00 to $17.00 and set an “underperform” rating for the company in a report on Friday, May 8th. ValuEngine downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.20.

In other Iron Mountain news, Director Jennifer Allerton sold 7,011 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $27.30, for a total value of $191,400.30. Following the completion of the sale, the director now owns 12,812 shares of the company’s stock, valued at approximately $349,767.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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