Creative Planning Has $535,000 Holdings in Iron Mountain Inc (NYSE:IRM)
Creative Planning grew its holdings in Iron Mountain Inc (NYSE:IRM) by 69.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,487 shares of the financial services provider’s stock after purchasing an additional 8,418 shares during the period. Creative Planning’s holdings in Iron Mountain were worth $535,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Iron Mountain by 187.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 76,933 shares of the financial services provider’s stock valued at $2,008,000 after purchasing an additional 50,200 shares during the last quarter. Investors Research Corp raised its holdings in shares of Iron Mountain by 3,631.9% in the second quarter. Investors Research Corp now owns 9,479 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 9,225 shares during the last quarter. Asset Advisors Investment Management LLC acquired a new stake in shares of Iron Mountain in the second quarter valued at approximately $26,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Iron Mountain by 1,110.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 234,523 shares of the financial services provider’s stock valued at $6,119,000 after purchasing an additional 215,151 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in shares of Iron Mountain by 22.1% in the second quarter. Gilman Hill Asset Management LLC now owns 174,433 shares of the financial services provider’s stock valued at $4,553,000 after purchasing an additional 31,538 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
IRM has been the subject of several analyst reports. ValuEngine cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Monday, April 27th. Credit Suisse Group decreased their target price on shares of Iron Mountain from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.20.
IRM stock opened at $28.19 on Friday. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.76 and a quick ratio of 0.76. The company has a fifty day moving average price of $26.81 and a two-hundred day moving average price of $27.56. Iron Mountain Inc has a one year low of $21.00 and a one year high of $34.49. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. Iron Mountain had a net margin of 7.06% and a return on equity of 19.16%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts anticipate that Iron Mountain Inc will post 2.1 EPS for the current fiscal year.
About Iron Mountain
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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