Makaira Partners buys $113,984,733 stake in Iron Mountain Inc (IRM)

Iron Mountain Inc (IRM) : Makaira Partners scooped up 65,700 additional shares in Iron Mountain Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,067,404 shares of Iron Mountain Inc which is valued at $113,984,733.Iron Mountain Inc makes up approximately 17.23% of Makaira Partners’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in IRM in the latest quarter, The investment management firm added 258,771 additional shares and now holds a total of 1,044,543 shares of Iron Mountain Inc which is valued at $38,815,218. Iron Mountain Inc makes up approx 0.05% of Schwab Charles Investment Management Inc’s portfolio.Teachers Advisors Inc boosted its stake in IRM in the latest quarter, The investment management firm added 477,116 additional shares and now holds a total of 760,335 shares of Iron Mountain Inc which is valued at $28,254,049. Iron Mountain Inc makes up approx 0.05% of Teachers Advisors Inc’s portfolio.Assetmark Inc reduced its stake in IRM by selling 147 shares or 10.54% in the most recent quarter. The Hedge Fund company now holds 1,248 shares of IRM which is valued at $46,226.Public Employees Retirement Association Of Colorado boosted its stake in IRM in the latest quarter, The investment management firm added 1,601 additional shares and now holds a total of 47,005 shares of Iron Mountain Inc which is valued at $1,937,076. Iron Mountain Inc makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio. Duncker Streett Co Inc sold out all of its stake in IRM during the most recent quarter. The investment firm sold 1,200 shares of IRM which is valued $49,272.

Iron Mountain Inc opened for trading at $38.48 and hit $38.71 on the upside on Thursday, eventually ending the session at $38.55, with a gain of 0.36% or 0.14 points. The heightened volatility saw the trading volume jump to 21,44,430 shares. Company has a market cap of $10,148 M.

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.

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