Apollon Wealth Management LLC Has $1.92 Million Stock Holdings in Iron Mountain Incorporated (NYSE:IRM)

Apollon Wealth Management LLC lowered its holdings in shares of Iron Mountain Incorporated (NYSE:IRM) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,220 shares of the financial services provider’s stock after selling 1,122 shares during the period. Apollon Wealth Management LLC’s holdings in Iron Mountain were worth $1,915,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in 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 purchasing an additional 1,446 shares during the period. Friedenthal Financial bought a new position in Iron Mountain during the third quarter worth $824,000. Merit Financial Group LLC lifted its holdings in Iron Mountain by 91.5% in the fourth quarter. Merit Financial Group LLC now owns 14,933 shares of the financial services provider’s stock valued at $1,570,000 after buying an additional 7,137 shares during the period. Tidal Investments LLC boosted its position 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 valued at $2,440,000 after acquiring an additional 14,737 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Iron Mountain by 151.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,147 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 5,511 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,125 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mithu Bhargava sold 8,263 shares of Iron Mountain stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $104.49, for a total value of $863,400.87. Following the transaction, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,364,012.46. The trade was a 38.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,391 shares of company stock worth $16,805,912 in the last quarter. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

IRM has been the topic of a number of recent analyst reports. Barclays dropped their price objective 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 increased their price target on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. StockNews.com lowered shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. BNP Paribas raised shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One 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 stock. According to MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average price target of $129.17.

Iron Mountain Trading Down 0.1 %

Iron Mountain stock opened at $106.13 on Monday. The firm has a market capitalization of $31.14 billion, a price-to-earnings ratio of 294.81, a price-to-earnings-growth ratio of 5.84 and a beta of 1.01. The firm’s fifty day moving average price is $107.31 and its two-hundred day moving average price is $112.80. Iron Mountain Incorporated has a 1-year low of $66.20 and a 1-year high of $130.24.

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.