Symons Capital Management Inc Lowers stake in Iron Mountain Inc (IRM)

Iron Mountain Inc (IRM) : Symons Capital Management Inc reduced its stake in Iron Mountain Inc by 0.25% during the most recent quarter end. The investment management company now holds a total of 586,854 shares of Iron Mountain Inc which is valued at $22.2 Million after selling 1,500 shares in Iron Mountain Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Iron Mountain Inc makes up approximately 5.52% of Symons Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in IRM in the latest quarter, The investment management firm added 18,341 additional shares and now holds a total of 164,634 shares of Iron Mountain Inc which is valued at $6.2 Million. Iron Mountain Inc makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.California Public Employees Retirement System boosted its stake in IRM in the latest quarter, The investment management firm added 18,200 additional shares and now holds a total of 639,699 shares of Iron Mountain Inc which is valued at $24.3 Million. Iron Mountain Inc makes up approx 0.04% of California Public Employees Retirement System’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 $9.7 Million. Iron Mountain Inc makes up approx 0.04% of State Board Of Administration Of Florida Retirement System’s portfolio.Cadence Capital Management boosted its stake in IRM in the latest quarter, The investment management firm added 1,607 additional shares and now holds a total of 15,175 shares of Iron Mountain Inc which is valued at $576,650. Iron Mountain Inc makes up approx 0.04% of Cadence Capital Management’s portfolio.Whittier Trust Co reduced its stake in IRM by selling 326 shares or 21.42% in the most recent quarter. The Hedge Fund company now holds 1,196 shares of IRM which is valued at $43,690.

Iron Mountain Inc closed down -0.07 points or -0.19% at $36.55 with 11,98,956 shares getting traded on Wednesday. Post opening the session at $36.79, the shares hit an intraday low of $36.41 and an intraday high of $36.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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