Eagle Capital Management 13F: Cuts CHTR Stake by $2.4M

Eagle Capital Management has reduced its stake in Charter Communications, Inc. (NasdaqGS: CHTR) by 17,042 shares, according to its latest Form 13F filing with the SEC. This 10.2% reduction leaves Eagle Capital with 149,460 shares valued at approximately $20.8 million as of the reporting period.

What Changed in Eagle Capital Management's Charter Communications Position

Eagle Capital Management trimmed its holdings in Charter Communications, moving from 166,502 shares to 149,460 shares, a decrease of 17,042 shares. This represents a 10.2% reduction in its position, reflecting a strategic adjustment in its investment portfolio. The value of Eagle's remaining stake is about $20.8 million.

Other Institutional Activity in Charter Communications

Several other institutional investors also made adjustments to their Charter Communications holdings. Dodge & Cox increased its holdings by 17,989 shares, bringing its total to 14,627,209 shares worth approximately $3.16 billion. State Street Corp added 1,617,858 shares, now holding 8,194,729 shares valued at around $1.77 billion. Meanwhile, BlackRock, Inc. increased its position by 72,764 shares, ending with 6,989,823 shares valued at about $1.51 billion. Conversely, Harris Associates L.P. reduced its stake by 355,779 shares, now holding 3,989,043 shares worth approximately $861.2 million.

Charter Communications, Inc. Stock Up 8.6%

Shares of Charter Communications (NasdaqGS: CHTR) are trading around $139.14. The company boasts a market cap of roughly $20.6 billion and a P/E ratio of 3.95. Its stock has a 52-week low of $126.7 and a high of $422.29, with a 50-day moving average of $174.35 and a 200-day moving average of $214.82. Charter's beta is 0.707, indicating lower volatility compared to the broader market.

Recent Earnings

Charter Communications reported revenues of approximately $54.64 billion, with a slight revenue decline of 1%. The company has a net margin of 9% and a return on equity of 27.5%. Charter's next earnings release is scheduled for April 24, 2026.

Insider Buying and Selling at Charter Communications, Inc.

Recent insider activity at Charter Communications includes Liberty Broadband Corp selling 31,315 shares on June 11, 2026. Thomas Rutledge sold 18,200 shares on May 27, 2026, and 69,633 shares on May 26, 2026. On the buying side, Jamal Haughton, EVP/General Counsel/Corp Secretary, purchased 8,972 shares on May 15, 2026.

Analysts Set New Price Targets

On June 12, 2026, Freedom Broker initiated coverage on Charter Communications with a 'hold' rating and a price target of $167. JP Morgan reinstated its 'hold' rating with a $215 target on April 29, 2026. Citigroup maintained a 'buy' rating with a $230 target on April 28, 2026. RBC Capital also maintained its 'hold' rating with a $220 target on April 27, 2026. The consensus among 16 analysts suggests a mean target price of $243.69.

About Charter Communications

Charter Communications, Inc., headquartered in Stamford, Connecticut, is a leading broadband connectivity company in the United States. The company provides a range of services, including internet, mobile, video, and voice services under the Spectrum brand. It also offers advanced WiFi and managed WiFi services, as well as advertising services on various platforms. Charter was founded in 1993 and is led by CEO Christopher L. Winfrey.

Bottom Line

Eagle Capital Management's decision to reduce its stake in Charter Communications is part of its portfolio adjustment strategy. Investors closely monitor these filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. Charter Communications continues to attract attention from both institutional investors and analysts, given its significant role in the telecom services industry.