Stonerise Capital Management Exits Position in Iron Mountain Inc (IRM)

Iron Mountain Inc (IRM) : Stonerise Capital Management has sold out all of its stake in Iron Mountain Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 419,295 shares of Iron Mountain Inc which is valued at $15,581,002.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in IRM in the latest quarter, The investment management firm added 1,020,914 additional shares and now holds a total of 1,138,273 shares of Iron Mountain Inc which is valued at $42,298,225. Iron Mountain Inc makes up approx 0.19% of Two Sigma Investments Lp’s portfolio.Nomura Asset Management Co Ltd boosted its stake in IRM in the latest quarter, The investment management firm added 36,400 additional shares and now holds a total of 178,590 shares of Iron Mountain Inc which is valued at $6,636,404. Iron Mountain Inc makes up approx 0.12% of Nomura Asset Management Co Ltd’s portfolio.Credit Suisse Ag boosted its stake in IRM in the latest quarter, The investment management firm added 101,330 additional shares and now holds a total of 403,758 shares of Iron Mountain Inc which is valued at $15,003,647. Iron Mountain Inc makes up approx 0.02% of Credit Suisse Ag’s portfolio. American Century Companies Inc added IRM to its portfolio by purchasing 65,195 company shares during the most recent quarter which is valued at $2,672,995.

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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