Raiffeisen Bank International AG Has $7.13 Million Holdings in Iron Mountain Incorporated $IRM

Raiffeisen Bank International AG reduced its stake in Iron Mountain Incorporated (NYSE:IRM) by 37.4% in the second quarter, now holding 54,892 shares valued at approximately $7.13 million. Iron Mountain reported strong quarterly revenue of $2.03 billion, an 18.5% year-over-year increase, and an EPS of $0.60, surpassing analyst estimates. Despite positive analyst ratings and a recent dividend declaration, insider selling and a high earnings multiple raise some concerns.