abrdn U.S. Small Cap Equity Fund on Universal Technical Institute, Inc.
Thesis
abrdn initiated Universal Technical Institute, a provider of technical training for automotive and healthcare careers. The fund believes the company's operating model has improved and that its diversification into areas with high demand for skilled labor expands the growth opportunity. Those changes are expected to support more sustained growth than the market may be discounting.
“We believe the company’s improved operating model and diversification into high-demand skilled labour can drive sustained growth.”