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Engineers Gate Manager LP increases General Motors stake by 18.6% to 1.29 million shares.
In the second quarter, Engineers Gate Manager LP boosted its holdings in General Motors by 18.6%, acquiring an additional 202,057 shares, bringing its total to 1.29 million shares valued at approximately $99.4 million. This move reflects confidence in GM's financial performance, as the company reported a 29.8% increase in EBIT-adjusted to $3.9 billion for Q2 2026. Additionally, GM declared a quarterly cash dividend of $0.18 per share, payable on September 17, 2026.
Key points
- Engineers Gate Manager LP increases GM stake by 18.6% to 1.29 million shares.
- GM reports 29.8% rise in EBIT-adjusted to $3.9 billion for Q2 2026.
- GM declares quarterly cash dividend of $0.18 per share, payable September 17, 2026.
Sources
AI-generated from public news sources. Not financial advice.
