Iron Mountain Inc (IRM) : Marble Harbor Investment Counsel reduced its stake in Iron Mountain Inc by 2.97% during the most recent quarter end. The investment management company now holds a total of 335,698 shares of Iron Mountain Inc which is valued at $12,434,254 after selling 10,267 shares in Iron Mountain Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Iron Mountain Inc makes up approximately 2.99% of Marble Harbor Investment Counsel’s portfolio.
Other Hedge Funds, Including , Feltz Wealth Plan added IRM to its portfolio by purchasing 13,382 company shares during the most recent quarter which is valued at $495,669. Iron Mountain Inc makes up approx 0.03% of Feltz Wealth Plan’s portfolio.New Mexico Educational Retirement Board boosted its stake in IRM in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 27,840 shares of Iron Mountain Inc which is valued at $1,120,282. Iron Mountain Inc makes up approx 0.05% of New Mexico Educational Retirement Board’s portfolio.State Treasurer State Of Michigan boosted its stake in IRM in the latest quarter, The investment management firm added 16,800 additional shares and now holds a total of 83,030 shares of Iron Mountain Inc which is valued at $3,341,127. Iron Mountain Inc makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Louisiana State Employees Retirement System boosted its stake in IRM in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 15,700 shares of Iron Mountain Inc which is valued at $643,700. Iron Mountain Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.
Iron Mountain Inc closed down -0.07 points or -0.19% at $37.09 with 12,43,123 shares getting traded on Monday. Post opening the session at $37.16, the shares hit an intraday low of $37.04 and an intraday high of $37.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Iron Mountain Inc reported $0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.52. The company had revenue of $884.00 million for the quarter, compared to analysts expectations of $884.45 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Investors should note that on Jul 27, 2016, Iron Mountain Inc announced a cash dividend of $0.4850. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.
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.