Why is this Wealth Manager Buying 1 Million Shares of Harley Davidson?

Wealth manager Pine Valley Investments purchased 1,133,505 shares of Harley-Davidson for approximately $22.22 million, increasing its stake to 2.11% of assets under management. The investment reflects confidence in the company's 'Back to the Bricks' turnaround strategy, though the stock faces headwinds with a high forward P/E ratio of 76 and modest Wall Street price targets.