Brasada Capital Management LP decreased its position in shares of Iron Mountain Inc (NYSE:IRM) by 9.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 28,262 shares of the financial services provider’s stock after selling 2,832 shares during the quarter. Brasada Capital Management LP’s holdings in Iron Mountain were worth $1,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IRM. Financial Advocates Investment Management grew its position in shares of Iron Mountain by 178.3% during the 4th quarter. Financial Advocates Investment Management now owns 835 shares of the financial services provider’s stock worth $25,000 after buying an additional 535 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Iron Mountain by 3,181.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,009,734 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 978,966 shares during the last quarter. Bremer Trust National Association purchased a new stake in shares of Iron Mountain during the 4th quarter worth $36,000. Executive Wealth Management LLC lifted its stake in shares of Iron Mountain by 96.9% during the 1st quarter. Executive Wealth Management LLC now owns 1,014 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 499 shares during the last quarter. Finally, Secrest Blakey & Associates LLC purchased a new stake in shares of Iron Mountain during the 1st quarter worth $37,000. 87.82% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain stock opened at $31.84 on Wednesday. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.80 and a quick ratio of 0.80. Iron Mountain Inc has a one year low of $30.22 and a one year high of $37.32. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.63.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05). Iron Mountain had a net margin of 8.22% and a return on equity of 19.61%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Iron Mountain Inc will post 2.24 earnings per share for the current year.

In other Iron Mountain news, SVP Edward Bicks sold 2,922 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $36.55, for a total value of $106,799.10. Following the completion of the sale, the senior vice president now directly owns 2,922 shares in the company, valued at $106,799.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William L. Meaney sold 8,621 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $35.28, for a total value of $304,148.88. Following the completion of the sale, the chief executive officer now owns 155,007 shares of the company’s stock, valued at $5,468,646.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,426 shares of company stock valued at $2,882,023. 1.90% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on IRM. Robert W. Baird set a $34.00 price objective on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, February 15th. ValuEngine cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Mitsubishi UFJ Financial Group upped their price objective on Iron Mountain to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 20th. Finally, Credit Suisse Group restated an “underperform” rating on shares of Iron Mountain in a research note on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.13.

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Iron Mountain 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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