AE Wealth Management LLC Has $3.83 Million Position in Iron Mountain Inc (NYSE:IRM)

AE Wealth Management LLC lifted its position in shares of Iron Mountain Inc (NYSE:IRM) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,090 shares of the financial services provider’s stock after buying an additional 11,065 shares during the period. AE Wealth Management LLC’s holdings in Iron Mountain were worth $3,825,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cibc World Markets Corp boosted its position in Iron Mountain by 3,639.5% during the second quarter. Cibc World Markets Corp now owns 1,418,055 shares of the financial services provider’s stock valued at $44,385,000 after purchasing an additional 1,380,134 shares during the last quarter. Vanguard Group Inc. boosted its position in Iron Mountain by 2.5% during the second quarter. Vanguard Group Inc. now owns 45,733,966 shares of the financial services provider’s stock valued at $1,431,474,000 after purchasing an additional 1,111,513 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Iron Mountain by 34.0% during the second quarter. JPMorgan Chase & Co. now owns 3,906,191 shares of the financial services provider’s stock valued at $120,624,000 after purchasing an additional 990,959 shares during the last quarter. Natixis boosted its position in Iron Mountain by 109.5% during the second quarter. Natixis now owns 1,258,373 shares of the financial services provider’s stock valued at $39,387,000 after purchasing an additional 657,795 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Iron Mountain by 24.7% during the second quarter. California Public Employees Retirement System now owns 1,982,765 shares of the financial services provider’s stock valued at $62,061,000 after purchasing an additional 392,558 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

NYSE:IRM opened at $32.66 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 6.51. The stock’s 50 day moving average price is $32.82 and its two-hundred day moving average price is $31.81. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 3.25 and a beta of 0.53. Iron Mountain Inc has a 12-month low of $29.28 and a 12-month high of $37.32.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.27). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. Iron Mountain had a net margin of 9.14% and a return on equity of 21.57%. Iron Mountain’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Equities research analysts expect that Iron Mountain Inc will post 2.27 EPS for the current year.

Several brokerages recently commented on IRM. Credit Suisse Group reissued a “sell” rating and set a $21.00 price target on shares of Iron Mountain in a research report on Thursday, September 12th. ValuEngine cut Iron Mountain from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Barclays set a $39.00 price target on Iron Mountain and gave the company a “hold” rating in a research report on Friday, October 11th. Robert W. Baird raised Iron Mountain from an “underperform” rating to a “neutral” rating and increased their price target for the company from $27.00 to $29.00 in a research report on Friday, August 2nd. Finally, TheStreet raised Iron Mountain from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Iron Mountain presently has a consensus rating of “Hold” and a consensus price target of $31.23.

In other Iron Mountain news, EVP Patrick J. Keddy sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $33.00, for a total value of $198,000.00. Following the sale, the executive vice president now owns 24,114 shares in the company, valued at $795,762. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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