Marble Harbor Investment Counsel Lowers stake in Iron Mountain Inc (IRM)

Iron Mountain Inc (IRM) : Marble Harbor Investment Counsel reduced its stake in Iron Mountain Inc by 1.14% during the most recent quarter end. The investment management company now holds a total of 345,965 shares of Iron Mountain Inc which is valued at $13,146,670 after selling 3,980 shares in Iron Mountain Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Iron Mountain Inc makes up approximately 3.32% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , Geneva Advisors added IRM to its portfolio by purchasing 11,192 company shares during the most recent quarter which is valued at $425,296. Iron Mountain Inc makes up approx 0.01% of Geneva Advisors’s portfolio.Ifp Advisors Inc boosted its stake in IRM in the latest quarter, The investment management firm added 1,314 additional shares and now holds a total of 1,645 shares of Iron Mountain Inc which is valued at $62,510. Princeton Capital Management Inc added IRM to its portfolio by purchasing 6,282 company shares during the most recent quarter which is valued at $229,481. Iron Mountain Inc makes up approx 0.16% of Princeton Capital Management Inc’s portfolio. Trust Co Of Vermont sold out all of its stake in IRM during the most recent quarter. The investment firm sold 509 shares of IRM which is valued $18,594.Raymond James Trust N.a. boosted its stake in IRM in the latest quarter, The investment management firm added 581 additional shares and now holds a total of 32,431 shares of Iron Mountain Inc which is valued at $1,153,571. Iron Mountain Inc makes up approx 0.10% of Raymond James Trust N.a.’s portfolio.

Iron Mountain Inc closed down -0.06 points or -0.16% at $38.09 with 28,83,554 shares getting traded on Tuesday. Post opening the session at $38.15, the shares hit an intraday low of $37.69 and an intraday high of $38.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Iron Mountain Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.50. The company had revenue of $750.69 million for the quarter, compared to analysts expectations of $759.86 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Iron Mountain Inc. Stifel Upgraded Iron Mountain Inc on Apr 18, 2016 to ” Buy”, Price Target of the shares are set at $39.

Iron Mountain Inc. is a holding company which stores records primarily paper documents and data backup media and provide information management services. The Company has five segments: North American Records and Information Management Business North American Data Management Business Western European Business Other International Business and Corporate and Other Business. It offers records and information management services and data management services. Its customer base includes commercial legal banking healthcare accounting insurance entertainment and government organizations. As of December 31 2014 the Company’s courier fleet consisted of approximately 3600 owned or leased vehicles. Its other services include secure shredding document management solutions (DMS) compliant records management and consulting services health information storage and management solutions entertainment services energy data services discovery services and other ancillary services.

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