Iron Mountain Inc’s Stock Is Sell After Today’s Bearish Options Activity

 Iron Mountain Inc's Stock Is Sell After Today's Bearish Options Activity

In today’s session Iron Mountain Inc (IRM) recorded an unusually high (1,612) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious IRM decrease. With 1,612 contracts traded and 554 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: IRM161118P00035000 closed last at: $1.15 or 53.3% up. Iron Mountain Inc (NYSE:IRM) has risen 13.48% since March 3, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.

Analysts await Iron Mountain Inc (NYSE:IRM) to report earnings on November, 4. They expect $0.57 earnings per share, up 3.64% or $0.02 from last year’s $0.55 per share. IRM’s profit will be $150.12M for 14.84 P/E if the $0.57 EPS becomes a reality. After $0.47 actual earnings per share reported by Iron Mountain Inc for the previous quarter, Wall Street now forecasts 21.28% EPS growth.

Iron Mountain Inc (NYSE:IRM) Ratings Coverage

Out of 2 analysts covering Iron Mountain Incorporated (NYSE:IRM), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Iron Mountain Incorporated has been the topic of 2 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The stock of Iron Mountain Inc (NYSE:IRM) has “Buy” rating given on Monday, April 18 by Stifel Nicolaus.

According to Zacks Investment Research, “Iron Mountain Incorporated is one of the world’s largest records and information management services company. The company is an international, full-service provider of records and information management and related services, enabling customers to outsource records management functions. Iron Mountain has a diversified customer base, which includes more than half of the Fortune 500 and numerous commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations.”

Insitutional Activity: The institutional sentiment increased to 2.8 in Q2 2016. Its up 1.80, from 1 in 2016Q1. The ratio increased, as 26 funds sold all Iron Mountain Inc shares owned while 59 reduced positions. 67 funds bought stakes while 171 increased positions. They now own 207.44 million shares or 5.39% more from 196.82 million shares in 2016Q1.
Glenmede Tru Na has 87 shares for 0% of their US portfolio. Glob X Mngmt Ltd Company accumulated 0.02% or 11,413 shares. Ibm Retirement Fund last reported 0.05% of its portfolio in the stock. Bp Public Llc owns 200,000 shares or 0.32% of their US portfolio. Hancock Communications, a Mississippi-based fund reported 5,730 shares. Teacher Retirement Systems Of Texas holds 0% or 18,019 shares in its portfolio. Cibc Asset Mgmt has 0.01% invested in the company for 26,244 shares. Texas Yale Capital Corp last reported 30,025 shares in the company. Barclays Public Limited Com last reported 0.03% of its portfolio in the stock. Panagora Asset Mngmt holds 26,438 shares or 0.01% of its portfolio. Oregon Public Employees Retirement Fund reported 47,780 shares or 0.04% of all its holdings. The Ontario – Canada-based Td Asset Mngmt Inc has invested 0.05% in Iron Mountain Inc (NYSE:IRM). Virtu Ltd Llc owns 9,641 shares or 0.05% of their US portfolio. Makaira Ltd Limited Liability Company reported 2.46 million shares or 14.33% of all its holdings. Moreover, Cornerstone Advsr has 0% invested in Iron Mountain Inc (NYSE:IRM) for 78 shares.

Insider Transactions: Since April 18, 2016, the stock had 0 insider buys, and 13 sales for $24.97 million net activity. Bicks Edward sold $86,767 worth of stock. $2.32M worth of Iron Mountain Inc (NYSE:IRM) was sold by Cloutier Ernest W on Tuesday, May 31. Shares for $362,277 were sold by BAILEY CLARK H. The insider Tomovcsik John sold 9,074 shares worth $340,574. Another trade for 1,466 shares valued at $53,245 was made by RAKOWICH WALTER C on Monday, September 12. The insider Meaney William L sold $11.52M. 35,248 shares were sold by Tsolakis Anastasios, worth $1.34 million.

Iron Mountain Inc. is a holding company, which stores records, primarily physical records and data backup media, and provides information management services. The company has a market cap of $8.91 billion. The Firm operates through five divisions: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. It has a 91.87 P/E ratio. The Firm offers records and information management services, and data management services.

IRM Company Profile

Iron Mountain Incorporated, incorporated on June 26, 2014, is a holding company, which stores records, primarily physical records and data backup media, and provides information management services in various locations throughout North America, Europe, Latin America and Asia Pacific. The Firm operates through five divisions: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. The Firm offers records and information management services, and data management services. The Firm provides storage and information management services to legal, financial, healthcare, insurance, life sciences, energy, businesses services and government organizations.

More recent Iron Mountain Inc (NYSE:IRM) news were published by: Twst.com which released: “Iron Mountain Inc.: Iron Mountain Schedules Third Quarter 2016 Earnings …” on October 06, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Waste Management, Iron Mountain and ITT” on September 06, 2016. Masslive.com‘s news article titled: “Boston’s Iron Mountain Inc. storing, digitizing old MTV archives” with publication date: August 01, 2016 was also an interesting one.

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