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

Why a wealth manager is buying over a million Harley-Davidson shares. On June 8, 2026, Pine Valley Investments disclosed acquiring 1,133,505 Harley-Davidson shares for about $22.22 million using the first-quarter price. The stake equals 2.11% of Pine Valley's 13F assets under management as of March 31, 2026. Harley-Davidson trades around $24.30 on June 5, up 3.6% year-to-date but lagging the S&P 500 by roughly 20 percentage points. The stock trades at about 12x earnings, while 2026 operating income is forecast to be between -$40 million and +$10 million; management aims for $350 million EBITDA in 2027 under CEO Artie Starr and the Back to the Bricks plan.