Choreo LLC Has $1.57 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Choreo LLC lowered its stake in Iron Mountain Incorporated (NYSE:IRM) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,066 shares of the financial services provider’s stock after selling 738 shares during the period. Choreo LLC’s holdings in Iron Mountain were worth $1,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Czech National Bank lifted its position in shares of Iron Mountain by 7.0% during the 3rd quarter. Czech National Bank now owns 59,755 shares of the financial services provider’s stock worth $7,101,000 after purchasing an additional 3,896 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of Iron Mountain by 10.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,276 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 396 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Iron Mountain by 18.2% during the 3rd quarter. Wedmont Private Capital now owns 3,077 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 473 shares during the last quarter. Tobam acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $81,000. Finally, Private Advisory Group LLC acquired a new position in shares of Iron Mountain during the 3rd quarter worth about $1,201,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity

In related news, CEO William L. Meaney sold 69,131 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $104.85, for a total transaction of $7,248,385.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $104.49, for a total value of $863,400.87. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at approximately $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,266 shares of company stock worth $18,694,561. Company insiders own 2.10% of the company’s stock.

Iron Mountain Trading Down 0.1 %

IRM stock opened at $106.13 on Friday. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24. The firm has a market cap of $31.14 billion, a P/E ratio of 294.81, a P/E/G ratio of 5.58 and a beta of 1.01. The business’s 50 day moving average is $107.31 and its 200-day moving average is $112.61.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. BNP Paribas upgraded Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Barclays lowered their price target on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their price target on Iron Mountain from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, StockNews.com lowered Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. One research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.17.

About Iron Mountain

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.