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Tuesday, May 30, 2017

[fm]: River Road Asset Management LLC Has Lifted Iron Mountain INC (IRM) Position by 12.21 Million USD


Investors sentiment decreased to 1.19 in 2016 Q4. Its down 0.09, from 1.28 in 2016Q3. It is negative, as 48 investors sold IRM shares while 99 reduced holdings. 39 funds opened positions while 136 raised stakes. 210.55 million shares or 2.34% more from 205.74 million shares in 2016Q3 were reported. Confluence Investment Management Ltd Liability reported 1.58% of its portfolio in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM). 

Cadence Ltd Llc stated it has 17,884 shares or 0.04% of all its holdings. Gsa Capital Prtn Llp holds 13,781 shares. State Treasurer State Of Michigan invested in 0.02% or 80,146 shares. Rand Wealth Ltd Liability Corp holds 0.03% or 7,497 shares. Ngam Advisors LP stated it has 39,286 shares or 0.02% of all its holdings. Blackrock Fund invested in 5.72M shares or 0.03% of the stock. Anchor Cap Advsrs Ltd Com reported 11,510 shares stake. Ibm Retirement Fund holds 0.03% or 20,835 shares in its portfolio. Bb&T Secs Lc invested in 16,700 shares. California-based Capital Intll Ca has invested 0.03% in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM). 

The New York-based Amalgamated Bankshares has invested 0.07% in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM). Arlington Capital Mgmt owns 20,960 shares or 0.25% of their US portfolio. Cipher Cap LP has 0.03% invested in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM). Cibc World Markets Corporation accumulated 16,815 shares.

Since December 2, 2016, it had 0 insider purchases, and 7 selling transactions for $1.33 million activity. Another trade for 11,305 shares valued at $425,407 was made by Meaney William L on Tuesday, February 21. $91,892 worth of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) was sold by Tsolakis Anastasios on Tuesday, February 21. BAILEY CLARK H sold 8,798 shares worth $307,640. The insider Chatfield Neil sold 954 shares worth $31,237.

River Road Asset Management Llc increased its stake in Iron Mountain Inc. (IRM) by 12.83% based on its latest 2016Q4 regulatory filing with the SEC. River Road Asset Management Llc bought 381,675 shares as the company’s stock declined 5.84% while stock markets rallied. 

The institutional investor held 3.36 million shares of the real estate investment trusts company at the end of 2016Q4, valued at $109.03M, up from 2.98M at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Iron Mountain Inc. for a number of months, seems to be bullish on the $9.29 billion market cap company. The stock increased 0.26% or $0.09 on May 26, reaching $35.17. 

About shares traded. Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has declined 3.72% since May 30, 2016 and is downtrending. It has underperformed by 20.42% the S&P500.

River Road Asset Management Llc, which manages about $10.26 billion and $5.21B US Long portfolio, decreased its stake in Neustar Inc. Class A (NYSE:NSR) by 555,000 shares to 559,799 shares, valued at $18.70M in 2016Q4, according to the filing. It also reduced its holding in Air Transport Services Group (NASDAQ:ATSG) by 246,578 shares in the quarter, leaving it with 2.30 million shares, and cut its stake in United Parcel Service Inc. Cl (NYSE:UPS).

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Ratings Coverage
Among 2 analysts covering Iron Mountain Incorporated (NYSE:IRM), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Iron Mountain Incorporated had 2 analyst reports since October 9, 2015 according to SRatingsIntel. The stock of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has “Buy” rating given on Monday, April 18 by Stifel Nicolaus.




By: Clifton Ray (Finance News Daily).

Photo: The Street.

Review: Emerging Market Formulations & Research Unit, Flagship Records.

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