Values First Advisors Inc. Has $177,000 Holdings in Iron Mountain Incorporated (NYSE:IRM)

Values First Advisors Inc. decreased its holdings in Iron Mountain Incorporated (NYSE:IRM) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,682 shares of the financial services provider’s stock after selling 353 shares during the quarter. Values First Advisors Inc.’s holdings in Iron Mountain were worth $177,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in shares of Iron Mountain by 2.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 53,877 shares of the financial services provider’s stock valued at $6,402,000 after acquiring an additional 1,446 shares during the period. Friedenthal Financial bought a new stake in Iron Mountain during the third quarter worth about $824,000. Merit Financial Group LLC grew its stake in Iron Mountain by 91.5% during the fourth quarter. Merit Financial Group LLC now owns 14,933 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 7,137 shares in the last quarter. Tidal Investments LLC grew its stake in Iron Mountain by 254.1% during the third quarter. Tidal Investments LLC now owns 20,536 shares of the financial services provider’s stock worth $2,440,000 after buying an additional 14,737 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Iron Mountain by 151.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider’s stock valued at $961,000 after buying an additional 5,511 shares during the period. Institutional investors own 80.13% of the company’s stock.

Insider Activity

In other news, EVP Mithu Bhargava sold 8,263 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 13,054 shares of the company’s stock, valued at $1,364,012.46. This trade represents a 38.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William L. Meaney sold 15,872 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $112.99, for a total value of $1,793,377.28. The disclosure for this sale can be found here. Insiders sold 162,391 shares of company stock valued at $16,805,912 in the last three months. Company insiders own 2.10% of the company’s stock.

Iron Mountain Stock Down 3.2 %

Iron Mountain stock opened at $102.85 on Thursday. Iron Mountain Incorporated has a 52 week low of $66.20 and a 52 week high of $130.24. The company’s 50 day moving average price is $106.40 and its two-hundred day moving average price is $112.85. The stock has a market cap of $30.18 billion, a P/E ratio of 285.70, a P/E/G ratio of 5.84 and a beta of 1.01.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays cut their target price on Iron Mountain from $131.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price objective on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. StockNews.com cut Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Iron Mountain currently has a consensus rating of “Moderate Buy” and an average target price of $129.17.

Iron Mountain 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.