Choreo LLC Cuts Position in Iron Mountain Incorporated (NYSE:IRM)

Choreo LLC trimmed its position in Iron Mountain Incorporated (NYSE:IRM) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,066 shares of the financial services provider’s stock after selling 738 shares during the quarter. Choreo LLC’s holdings in Iron Mountain were worth $1,574,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Iron Mountain during the 3rd quarter valued at about $31,000. West Branch Capital LLC acquired a new stake in Iron Mountain during the 3rd quarter valued at approximately $33,000. Teachers Insurance & Annuity Association of America acquired a new stake in Iron Mountain during the 3rd quarter valued at approximately $36,000. Dunhill Financial LLC grew its stake in Iron Mountain by 50.5% during the 3rd quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 152 shares in the last quarter. Finally, Quarry LP grew its stake in Iron Mountain by 86.5% during the 3rd quarter. Quarry LP now owns 496 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 230 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,872 shares of Iron Mountain stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total transaction of $1,793,377.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, November 11th. The shares were sold at an average price of $118.97, for a total value of $1,888,648.75. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $35,173,480.50. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,266 shares of company stock valued at $18,694,561 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Iron Mountain Trading Down 0.1 %

Shares of NYSE IRM opened at $106.13 on Friday. The company has a market cap of $31.14 billion, a price-to-earnings ratio of 294.81, a price-to-earnings-growth ratio of 5.58 and a beta of 1.01. Iron Mountain Incorporated has a 12-month low of $66.20 and a 12-month high of $130.24. The stock’s 50 day simple moving average is $107.31 and its 200 day simple moving average is $112.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada lifted their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays decreased their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.17.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.