Time to Sell Iron Mountain Inc After Today’s Option Traders Bearish Bets?

 Time to Sell Iron Mountain Inc After Today's Option Traders Bearish Bets?

In today’s session Iron Mountain Inc (IRM) recorded an unusually high (129) 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 129 contracts traded and 1554 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: IRM161118P00032500 closed last at: $0.5 or 37.5% down. Iron Mountain Inc (NYSE:IRM) has declined 2.18% since March 31, 2016 and is downtrending. It has underperformed by 4.71% the S&P500.

Analysts await Iron Mountain Inc (NYSE:IRM) to report earnings on November, 4. They expect $0.57 EPS, up 3.64% or $0.02 from last year’s $0.55 per share. IRM’s profit will be $150.01M for 14.40 P/E if the $0.57 EPS becomes a reality. After $0.47 actual EPS 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. Stifel Nicolaus upgraded Iron Mountain Inc (NYSE:IRM) on Monday, April 18 to “Buy” rating.

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 2016 Q2. Its up 1.80, from 1 in 2016Q1. The ratio improved, 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.
The Texas-based Employees Retirement Systems Of Texas has invested 0.01% in Iron Mountain Inc (NYSE:IRM). Glob X Mngmt Limited Liability Corp has invested 0.02% of its portfolio in Iron Mountain Inc (NYSE:IRM). Lmr Prtnrs Ltd Liability Partnership, a United Kingdom-based fund reported 30,555 shares. Trust Investment owns 39,775 shares or 1.86% of their US portfolio. Moreover, Ing Groep Nv has 0.16% invested in Iron Mountain Inc (NYSE:IRM) for 303,398 shares. Caisse De Depot Et Placement Du Quebec reported 35,844 shares or 0% of all its holdings. Moreover, Fernwood Inv Mgmt Limited Liability Com has 2.58% invested in Iron Mountain Inc (NYSE:IRM) for 66,241 shares. Tiaa Cref Mgmt Ltd Limited Liability Company holds 0.03% of its portfolio in Iron Mountain Inc (NYSE:IRM) for 956,851 shares. Moreover, Princeton Alpha Lp has 0.24% invested in Iron Mountain Inc (NYSE:IRM) for 33,821 shares. Diam has invested 0.32% of its portfolio in Iron Mountain Inc (NYSE:IRM). Nomura Asset owns 178,590 shares or 0.13% of their US portfolio. Nuveen Asset Management Limited Liability Co holds 13,574 shares or 0% of its portfolio. New York State Teachers Retirement last reported 344,095 shares in the company. Blackrock Japan Communication Limited last reported 310,064 shares in the company. Sg Americas Securities Ltd Liability Corporation has 0.01% invested in the company for 43,529 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 12 sales for $23.17 million net activity. The insider Cloutier Ernest W sold $2.32 million. On Tuesday, July 5 Bicks Edward sold $58,725 worth of the stock or 1,459 shares. Keddy Patrick J also sold $1.59M worth of Iron Mountain Inc (NYSE:IRM) on Friday, June 10. Tomovcsik John had sold 9,074 shares worth $340,574 on Monday, June 13. On Friday, July 1 the insider Tsolakis Anastasios sold $294,560. 1,466 shares with value of $53,245 were sold by RAKOWICH WALTER C on Monday, September 12. Another trade for 2,871 shares valued at $98,791 was sold by HALVORSEN KRIS.

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 $8.64 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 89.15 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: Masslive.com which released: “Boston’s Iron Mountain Inc. storing, digitizing old MTV archives” on August 01, 2016. Also Forbes.com published the news titled: “Iron Mountain Enters Oversold Territory” on October 06, 2016. Seekingalpha.com‘s news article titled: “Press Release” with publication date: November 01, 2016 was also an interesting one.

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