, of Davis Selected Advisers, has eliminated more than 625,000
shares of information storage and management solutions company,
Iron Mountain Inc. (
). This reduction slashed 4 percent off Davis' stake on Dec. 7,
GuruFocus Real Time Picks
. The latest transaction brought Davis' holding down to 14.6
million shares, which constitutes 7.7 percent of his outstanding
shares, according to a 13D SEC filing.
Prior to this, Davis reported reducing his stake in November by
10 percent and in October by 9 percent. In the quarter ending
Sept. 30, Davis receded in Iron Mountain by 22 percent.
This reduction streak started in August 2011, when Davis filed
for a pocket-sized reduction of 0.93 percent, which was around
the same time Iron Mountain's share price started to trend
positively, leading up to its peak price in October for the year
of about $37. Since that month, Davis has decreased the stake 9
Currently, Iron Mountain has deflated down from its peak to
$30.95. It has delivered 0.45 percent in market value.
With its market cap of $5.41 billion, Iron Mountain operates
1,000 facilities in 32 countries. Its services include records
management, data backup and recovery, document management and
GuruFocus ranks Iron Mountain 4 stars in
. It has a 10.2 revenue growth percentage and a 9.5 EBITDA growth
percentage within the last 12 months, based off of its
The company has a dividend yield of 3.4 percent, a Financial
Strength of 4 and a Profitability and Growth rank of 7.
Besides Davis, other Gurus who have holding of Iron Mountain are
RS Investment Management, Joel Greenblatt and John Keeley. Visit
IRM:Guru Trade for a complete list of its holding history with
other money managers.
Read more about Chris Davis' previous IRM reduction at Chris
Davis Shrinks Iron Mountain Ownership to 8.8%. View the rest of
Chris Davis' portfolio updates here.
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