HomeEquities ScoreAMC Entertainment Holdings, Inc. (AMC) Stock Trending Up Following Relaxing of Covid-19...

AMC Entertainment Holdings, Inc. (AMC) Stock Trending Up Following Relaxing of Covid-19 Restrictions

AMC Entertainment Holdings, Inc. (AMC) stock prices were up by 1.64% as of the market closing on May 14th, 2021, bringing the price per share up to USD$12.98 at the end of the trading day. Subsequent pre-market fluctuations saw the price increase by another 3.93%, bringing it up to USD$13.49.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Re-opening Theatres

As of the end of the first quarter of the fiscal year 2021, ended March 31st, AMC reported 585 domestic theatres in operation. Each theater had a limited seating capacity varying from 15% to 60%, representing nearly 99% of all domestic theatres. As of the same date, the company reported operating 97 internationally leased and partnership theatres. These, too, had limited seating capacity, varying from 15% to 60%, and represented approximately 27% of international theatres.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

Improving Environment for AMC

With the world hurtling towards global universal immunizations, the progress being made against the pandemic has resulted in increasingly relaxed regulations. As theatres gradually open up to full capacity, AMC anticipates an increasingly favourable environment for movie-goers that will see the company be rewarded for how it successfully navigated the most challenging past year in its century-long history. In addition to government-mandated restrictions easing up on account of universal immunizations, the company also highlights the effectiveness of its proprietary Safe and Clean protocols.

Capital Generation

The first quarter of the fiscal year 2021 saw roughly 7 million consumers return to AMC theatres. The company has raised nearly USD$2 billion in debt capital and fresh equity, including the conversion of USD$600 million worth of convertible notes into equity with a price per share of USD$13.51. AMC has also raised approximately USD$2.9 billion of gross cash proceeds over the previous 13 months, from new debt and equity capital. The 13-month period also saw the securing of nearly USD$1.2 billion in concessions from lenders and landlords, USD$150 million in assistance from European governments, as well as a surplus of USD$80 million from asset sales.

Solid Liquidity Position

As of March 31st, 2021, AMC reported having USD$813.1 million in cash and USD$29 million in restricted cash. Over the course of the first quarter of the fiscal year 2021, the company repaid USD$335 million of debt under its revolving credit facilities. The company currently has a solid liquidity position with roughly USD$1 billion at hand, which includes cash and revolving credit facility availability.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for AMC

Armed with a solid liquidity position and a strategy oriented around liquidity management, AMC has effectively managed its resources over the tumultuous year since the onset of the global pandemic. As the theatre sector gradually returns to normalcy, AMC looks forward to a prosperous future. Current and potential investors are confident in the company’s ability to leverage its resources to usher in significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam