Aston Asset Management buys $3,268,657 stake in Iron Mountain Inc (IRM)

Iron Mountain Inc (IRM) : Aston Asset Management scooped up 3,609 additional shares in Iron Mountain Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 86,267 shares of Iron Mountain Inc which is valued at $3,268,657.Iron Mountain Inc makes up approximately 1.99% of Aston Asset Management’s portfolio.

Other Hedge Funds, Including , Mutual Of America Capital Management boosted its stake in IRM in the latest quarter, The investment management firm added 3,450 additional shares and now holds a total of 24,714 shares of Iron Mountain Inc which is valued at $936,413. Iron Mountain Inc makes up approx 0.02% of Mutual Of America Capital Management’s portfolio.Ibm Retirement Fund reduced its stake in IRM by selling 29,722 shares or 58.33% in the most recent quarter. The Hedge Fund company now holds 21,231 shares of IRM which is valued at $804,443. Iron Mountain Inc makes up approx 0.03% of Ibm Retirement Fund’s portfolio.Diam Ltd. reduced its stake in IRM by selling 11,150 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 454,848 shares of IRM which is valued at $17,284,224. Iron Mountain Inc makes up approx 0.25% of Diam Ltd.’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in IRM in the latest quarter, The investment management firm added 321 additional shares and now holds a total of 254,177 shares of Iron Mountain Inc which is valued at $9,658,726. Iron Mountain Inc makes up approx 0.04% of State Board Of Administration Of Florida Retirement System’s portfolio. Conning added IRM to its portfolio by purchasing 6,631 company shares during the most recent quarter which is valued at $242,230. Iron Mountain Inc makes up approx 0.01% of Conning’s portfolio.

Iron Mountain Inc opened for trading at $37.95 and hit $38.23 on the upside on Monday, eventually ending the session at $38.05, with a gain of 0.42% or 0.16 points. The heightened volatility saw the trading volume jump to 18,66,837 shares. Company has a market cap of $8,065 M.

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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